Simple power
cause that's not very hard at all...and you don't need 7K rpm to do it.
even 500rwhp (fbody drivetrain) is not horribly difficult...even with stock cubes.
a basic 383 with a custom cam, high flowing heads and the associated parts should do it pretty easy
You can get a fresh LS1 block which you have, use a stock crank, stock connecting rods with upgraded rod bolts, and Diamond, CE, etc forged pistons.
Get a good set of heads, a cam spec'd to your needs, and a valvetrain to support it all and you'll be in the ballpark.
To put it into perspective, I made 433 RWHP in my '01 Z28 using the stock shortblock, Livernois Stage II 243 heads, TSP Torquer V2 cam, upgraded pushrods, Yella Terra 1.7 rockers, and a lightweight flywheel. I used a stock LS6 intake and ported TB. This was through a 6 speed and 10 bolt rearend.
If you factor in a 15% drivetrain loss my crank HP is 497. Not bad considering I could have gone with a "bigger" cam, FAST 92mm intake and TB, and the tune was safe for nitrous and on an 89 degree day with over 90% humidity.
So now you see that your goal of 500 crank HP is doable while saving money for other things. With 497 HP and 460 TQ you would be doing really well and keeping some green in your pocket. It's not hard with these engines.
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