Uhhhhhh....
I could have swore the biggest V8 option for 1981 as far as the Monte Carlos went... was the 305 4 bubble. And if its the original 305, I highly doubt it even makes 180 HP as thats what the HO 305s in the SSs make. More like 150 HP. And if I am not mistaken the most powerful engine the Monte could have that year was, of all things, the carb'd 3.8L 4BBL turbos, borrowed from the Regal Sport Coupes, which made [a whopping] 170 HP and 280 ft lbs TQ. [not bad torque tho for such a stock, primitive turbo setup]
Whats the engine look like? There are ways you can tell a 305 from a 350.. I think its by the balancer, but he could be pulling your leg too, and have put a strong running junkyard 350 in it, and if he's thrown a gear in there too like a 3.55 or something..
What gears do you have in the GT? I think I read in yer sig its AOD?? If it were me.. with 3.08s or even 3.27s, and you have the little tweaks done like K&N and timing etc... i'd run him and be confident.