i bought a set of GT40's with 1.7 RR's, i did a 3 angle valve grind and cleaned em up, now they're at a local "engine master"(kind of a family friend) getting fully ported. This is for a 351w i'm building, should make 350+ HP if i'm lucky, i say go with the regular 40's just because you supposedly can gain more in the port work than the p's, and get the same or higher compression with the right pistons(flattop should be 9.5:1 easy with the regular 40's), i have a set of BBK chrome shorty's that should fit the P's for sale, and good luck with your build, either way you cant go wrong!
~Mark~