Will it survive part 2

Ok here is what i would liek to do. i woudl like to get about 350-370hp to the wheels . i would like to have it supercharged. what would be the set up i could go with if i go with the vortec 8-10 psi supercharger. budget it around
5k. including buying the supercharger for around 2600.00.


here is the block info again.

Block info:

KB Hypo Pistons
Total Seal Rings
Clevite Rods/Bearings
New, refinished, 0 miles.
bored to a 306.


also what would the 5.0 hp/tq limit be? around 500 hp isnt it?
also sone one said that hypo pistons arent good for boost? can any one tell me why that is or will they hold up?