Trying to pick a cam
The 503 probably needs to see 64-6500, the 306 more like 6800+, but you don't want to spin higher than stock, but you want "more" than either of those. Then you want 400rwhp which aint going to happen at stock rpm levels.
You are rebuilding it anyway, have the rods reconditioned or replaced and rpms become safe and reliable, then let AI spec you a cam.
And if you're going to want that 400whp, you're going to need to spin it around 500rpm higher depending on the grind (best guess). HP needs RPMs - there's no real way around that. You want something more than the 306, but the 306 makes power all the way to 6800, substantially higher than stock. What is your biggest concern with RPMs, especially since you're rebuilding? Doesn't make much sense to limit yourself.
You can safely bump your SCR higher to around 12.0 to bring your DCR (depending on your cam) up a bit to help with your power goal while still meeting pump gas requirements. AI will recommend something for you.
Mike V


