OK check the heads if they have a "5" on them they those are pretty decent heads (they should be #5's but i dunno) what you can do is pick up a 403, theyre usually pretty cheap then if you want some serious horespower and have a bit of cash around you drill out the head bolt holes to 1/2 inch then you bolt those down, combine those with a decent cam, headers, and an edelbrock 3711 (for shaker clearance) and your golden. If you have even more cash dont hesitate to have the heads and bottom end rebuilt, bored out, milled, whatever.
you can usually get up in the 300'sHP maybe even 400's if you spend more money (like me

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