It's not a very big cam for a 393, but I'd say you'd get around 500hp with 185s and 530hp with 205s. I am better with the 302 based engines for predicting HP though. And the tune will vary this greatly. Mustangs and Fords built a 331 with ported AFR 185s and dyno tuned it to over 500hp. You have 60 extra cubic inches, so just imagine what you can do. My 331 is *close* to theirs in parts but I didn't spend 6 hours with an engine dyno, 2 sets of heads, 3 different intakes, 2 valvetrains, and 3 professional engine builders, and I doubt you will either.
You have more room to grow with the 205s but you can always just go forced induction. I would go with a 750 Speed Demon to get the numbers I listed. You might also be better off with a weiand intake, either a stealth (dual plane) or an x-celerator (mild single plane). I'm not too happy with the Performer RPM I have in terms of power or quality, and the Victor Jr wouldn't match up with that cam very well, or your torque needs. Even with a 393. How are you building the bottom end?
About the head choice, you'll be fine with 185s and that cam. 205s flow well past .650" but the 185s are fine to .6".