And no, 305 Camaros aren't great. My brother has a 1984 Z/28 with the H.O. (VIN G) with a T5, and factory 3.73s. My 5.0 stayed dead even with it...with a stock AOD and 2.73s. The Camaro has to be a mid 15 second car. Sounds good, though.
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+1 I've driven an 87 modified iroc and pushed it hard but I can safely say my car would murder it even if the iroc seemed faster and was louder.
All show no go (they do sound good though)
I am glad you boys are starting to chime in. I am laughing at the thought of the 305's being even remotely fast. I have even raced em in my v-6 with bold ons and won! I have driven and ridden in about 4 and can also safely say compared to the 4 5.0's I have owned and the 10 I have driven never has a stock 305 even come close to beating a stock 5.0. Well I guess if you want to go specs in 1988 the 305 had a whopping 170 hp

oh that would be why it beats the 225 in the GT

Must be the torque then... well, darn it all it only had 255 in contrast to the 300 in the GT. If you wanted to pull the weight card the iroc z weighed 3228. Not lighter than the 5.0 either, but over all I can see how you would think it was faster...
Edit: 305 FTMFL