In case yea did not want to hit the link here is what I could Find on another mustang forums from a good builder over there.
This was written for a 1500 dollar budget limit for 300 horse at the fly wheel
add some good heads and I bet you get your # at the Rear Wheels.
OK, let's try this one more time. After researching several machine shops in my area I will assume that these prices can be duplicated or bettered by most of the USA membership. This build up is based on a garden variety 65-78 289 or 302 Windsor good condition donor engine core. You will need to completly dissassemble the engine. 1) Degrease and cam bearing bare block with cam bearings $95. 2) Bore .060 and finish hone $160. 3) micro polish carnk shaft $30. 4) Check connecting rods and fit piston pins $40. 5) Valve job $130 6) Mill heads .030 $60. 7) machine heads for screw in studs $80. Total spent at machine shop $595.
Parts: I opted for a PAW type of inexpensive rebuilder quality engine kit consisting of rings, bearings, oil pump, timing chain and gears, and a gasket set. These generally contain decent quality brands such as Michigan, Muskegeon, Detroit Gasket, Melling, etc. I priced mine through my normal wholesale supplier at $155. You may pay a bit more. 2) a set of Badger .060 11 to 1 pop up cast pistons from us at $150. 3) Comp 270S cam, solid lifters, and valve springs $250. 4) Steel shim head gaskets $40. 5) Edelbrock Air gap or similar intake $220. 6) A set of screw in rocker arm studs $20. 7) a set of Headman 4 tube headers $90. total of $925 in parts. Grand total of $1520 spent to get 300 horsepower at the flywheel.
If you already have headers you are money ahead. The same with an intake. 351W heads woould be a bonus and add about 20 to 25 HP stock. You will need a GOOD 600-750 max CFM carb. A 4100 series 1.12 Autolite is nice or a 700 CFM DP Holley is better. Anything in between is OK also except a Jimmy Carter POS carburrito. If that's all ya got then so be it! What ever electronic ignition you havbe (like a FoMoCo Duraspark) is fine. This engine will make 300 HP@6000 RPM at the flywheel on a dyno guranteed if assembled correctly. Does it sound familiar? Well it should as it is basically a higher compression 289 HIPO. Add a bigger carb, tube headers, an efficiant intake, more compression, more cam and you have got 25 to 30 more HP than the 271 easy. The best part is that it will last and take lots of abuse. These babies are very forgiving if the time is taken to assemble them right. Enjoy!
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You can go .030 if you like. The .060 over bore being too thin is an old wives tale. We go .070 over on 289/302 blocks all of the time on our race motors. The pistons have valve reliefs. There is no economical similar piston for a 351 unfortunatly. You will need a steady diet of 93 octane with careful timing adjustments. The 270S cam will allow the high compression. Loosing 2 full points will cost you 25 horsepower
Alex Denysenko
Co-Administrator and Moderator
NHRA/IHRA/SRA member
NHRA and IHRA SS/LA National Record Holder '00 & '01
Fleet of FoMoCo products
