You will make more power with an 8psi supercharger than with a stroker, everything else being equal. The stroker will give you more low end torque, but the blown motor will give you a better top end. Typically, a blown 351 with aluminum heads will make anywhere from 500-600 hp, and possibly more depending.
Generally, the stroker will be more reliable and easier to maintain than a blown engine (no detonating, no throwing belts, no fussing with a/f ratios and timing, etc.). The gas quality and state of tune just aren't as critical with a stroker as they are with a blown motor.
That's why my next motor will be a 408...for my Lightning.
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'91 LX
Procharger, 3 row intercooler, extrude honed Cobra intake, Mac full Length Headers, 30# inj., 73mm C&L, 75mm tb, E303 cam, 289 rods, ported E7 heads, MSD, T-Rex w/255 lph Walbro, 5 lug conversion, Cobra R wheels, 3.27 gears and Moser Axles.
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