If given the bump in C.I. and with a 3v or 4v head...that would be a MEAN motor. Look at the 302 cammer motor. I am not a big fan of the 2v with so many 4v out there now and they do well with the small-ish size...make a bigger one and I bet things get really interesting fast.
I have always given Ford my respect with its OHC just by the fact they are the ONLY one of the big three to really develope it. Yeah the LSx motors are a really nice setup as well but even they are total steps away from the old 350 ect. motors they make so even Chevy didnt "stick with it", and I am not too impressed with the longevity of the LSx motors. Even with the size diff. from LSx to a 4v things are not THAT far off for the size diff.
Ex.
buddy 1 has a 98ls1 formula with 4.10's longtubes, lid, maf, tuner, o/r Y, and borla catback. 13.2's (without longtubes or O/R pipe).
Buddy 2 has a 98 cobra with 4.56's, MGW, BBK X pipe, Magnaflow catback runs like 13.2 (before BBK xpipe, and magnaflow catback).
Both run each other fairly often and the cobra pulls away from the formula.