High Compression & More CID or Turbo System???
With a stroker such as a 402 or 408, you are pretty much limited to high 4xxrwhp to low 5xxrwhp. But it will have instant throttle response and probably be the most reliable. Plus you can always hit it with nitrous.
The turbo even in a mostly stock car can beat those numbers. However, there is no way in hell you'll be completing that project for the price you listed. Start thinking over 10k.
I would start browsing the FI and the ls2 based stroker sections. You'll learn most of what you want to know just by looking them over for a few days.
Good luck with whatever you chose
Just do some budget 4XX with nice conservative ring gaps and strong conservative pistons. Keep the stock heads, throw in a nice 228ish cam with like .550 or so lift on a nice 112 LSA. Put a 150 shot on it and hooray your well above your power goals. Shoot, just keep stock cubes and put in some Wisecos and Manleys and spray and cam it.
However, I dont think you need 10K to do a mild forced induction setup. More like 6. You can get the power you want with low pressure ratios and a mild IC. For 500 or so I would maybe just look at a nice blower kit.
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