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Originally Posted by WILMASBOYL78
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Sounds like a great project...one that deserves all the right parts and outcome. First, the street mechanical solid cam [143] was meant to run with high compression, good fuel and plenty of gear in the rear. 
To be true to your vision of recreating the old days, the motor should be done right...that means the correct solid lifter cam, true 11:1 compression, big port rectangular heads, 163 hi-rise, Holley, etc...
It was fairly common for the L78 to be under the 11:1 from the factory...usually because of chamber volume in the heads. If you really want to do the motor justice, get a copy of Bill Thomas's book on the 396 and build it to blueprinted specs. Make sure you have a true 11:1 motor that has been built the right way. That motor will make 425hp if it is built right...maybe more.
You mentioned using a M-20 with the 4.10 rear...depending on your final tire size, that will be a hell of a first gear launch...you might want to consider an M-21, or at least a taller rear tire.
Hopefully we can follow along with your build...all of us enjoy a good build thread. Build it big and buy the good gas 
Good luck,
-wilma
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Thanks for the info. I actually have the Bill Thomas book...it's my original copy that is 51 or so years old and covered with my greasy fingerprints! LOL! I will utilize it during the engine build! I met with my engine builder today and he knows his stuff....he said to go stock 11:1 compression and build a full stock L78 engine...he's done several with success. He has racing gas at his shop so no worries about gas for the dyno. I can mix once I have it in the car! An L78 with low compression just won't do! I bought the M20 trans when I ordered my car in 1967, not knowledgeable enough to know about the M21 at the time. But with the 4.10 rear end it was super quick out of the hole! I likely would prefer the M21 more, but that's not what I had back then. My build will have headers right from the start, as I had the M/T Super Scavenger headers on my engine...nothing like that sound. I'll likely go with Hooker Competition Headers, since it's impossible to find M/T Headers anymore. I'm anxious to see what it dynos...likely at least 450hp or more.