Some advice please

Hey guys i have been doing some reserch on the 400 motor i have out of the lincon i was wondering if this motor is the one i should use i was reading and it said the motor only pushes out 169 Hp which i guess isnt so hot sence 305 HOs push 190 stock...i was wondering if it is worth to swap into a 2.3 4 cylender notch back and what would be needed like modifcations..what tranny to use also its jsut for drag races thanks anymore questions just ask:D