Mine, with totally stock long lock made 232 with 76mm MAM and long tubes off road H and 2.5 cat back... stock intakes/cam/TB/heads etc etc.
With a fresh 306 and the mods you listed I would expect wheel hp up over 230, because, most low mileage cars back in the day were over 230 at the tire. 240 was not uncommon.
In theory, a stock (as cast) set of GT40 irons "should" give you another 30. 260-270 seems to be the norm with that type of combo on a fresh bottom end... although having said that it's important to address the fuel pump and injectors to get there.
Pretty much any of the popular heads will "bolt on", but with any set, you are still looking at checking push rod length and PTV clearance because, anomalies.
Heads... it comes down to budget and desires.
You can make 350+hp to the wheels with Ford iron heads, but it will be a tonne (spelled in metric, because it's more) in $ over what a typical simple aluminum head setup will run you and drive-abilty may be on the poor side for your desires.
A typical aluminum head setup is going to make 280-300 given all the support items are there (fuel exhaust).
Getting over 300 at the wheels starts to become more involved, porting of heads and intakes, valve jobs, well matched cam/valve train.
So, bolt on some GT40 irons, possibly as much as 30hp more than the stock E7's.
You are sure the E7's are stock/unmodified right? Because if the guys at Dugan Racing worked those E7's over, it's possible a set of GT40 irons will net you very little, and, possibly even take you backwards.