You MIGHT hit 400 horsepower, but not at the wheels. To get 400 horsepower at the wheels you'll need a LOT better induction setup than Ford heads and a B cam. That is a lot of power from a 302-based engine, stroked or not (especially not). I personally would sell the X heads and invest in a better set to go with the new rotating assembly...such as a set of milled AFR 185's with the spring upgrade, or even out of the box Canfields or Vic. Jr's for that power level.
That B cam will definitely have to go also.
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Novi 2000 now spinning off the snout of the 331...
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