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At present, I plan to have the engine blueprinted and balanced, the head ported and polished (and milled if needed), the cam ground to BJ8 specs, and the flywheel lighted by about three pounds. Should I consider an aluminum head (I have some room in the budget)? Should I upgrade the carbs to the 2' SUs from the current 1 3/4s? What about a heavier duty clutch? I want to maintain drivability, but extract as much power as I can. How much horsepower and torque is it reasonable to expect with this engine with these kind of mods?? I would love to hear this group's suggestions and advice. Thanks.
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As Keoke said, those Modifications fall side outside of the concourse envelope. If this is not really important, your mods should give the same performance as the late BJ8, plus a little. all good ideas.
The flywheel lighten will make it more responsive to the throttle, especially in the lower gears. The BJ8 clutch will help. The late BJ8 cam profile will help. The HD8 carbs will help.
Be very carefull about changing the ports. It should be done by someone who has real world practical experience in porting this particular engine. Port gas velocity & entry angles to & through the valves is much more important than port size & maximum flow capacity. Often what would appear to work better actually hurts port performance.
A good aluminum head, such as the DW full race complete # CENG 999AF, with all of its accompanying valves, springs, guides, studs, washers, etc. Will give the very best performance with your other parts & already be optimumally ported. The cost is high though, probably around $4,500 USD. It will also reduce front end weight for better handling.
Don't forget to use good tube headers such as the DW CEXS120, plus muffler & tail pipes To top things off. Likely another $800 USD. The head & headers could add another 20% power to the late BJ8 specs.
It is assumed that you will use only top quality parts & machining in the rebuild to reliably extract this additional power.
It all depends on how much you wish to pay. You could end up with $10,000 in a very good performing engine, or less for something inbetween.
D