A good option would be the TFS heads and an E-cam (or equivalent).
clement makes some great points but you will discover that with the 86 flatop pistons that, that .06 extra clearance can make you or break you when you're talking about the 86 flat tops.
If you're on a budget and/or time contraint, I'd toss the TFS heads and letter cam in and call it a day. You're going to have to switch over to mass air for the cam unless you can find somone still able to cut a chip for the SD computer (good luck with that... if there is someone, I can't find them).
All is not lost though... There are still some great gains to be had by reusing the stock cam! The 86 (comparitive to the other 5oh HO OEM cams) is pretty nasty. You'll get a great SOTP woody just by swapping out those heads! If you decide to add boost later, all the better as both the OEM cam and the SD respond awesomely to being boosted or juiced or both (think wet system adapter plate between upper and lower)!

The only downside to this option is that you need to do what you're going to do within the confines of the 19lb injectors and an FMU (again with lack of options for chipping the EEC).
With the stock cam and TFS heads though... there's no PTV clearance problems. Other cam (including letter)... it's hit or miss. You can be clear on P2V but inside of the acceptable safe range (this is what I was referring to about the afrementioned .06 clearance above).
I guess my point is that even though the heads suck... there's nothing short about reusing that stock cam.
Anyone have the specification for the 86 and 87 cam profile that they can post up side by side?