BJ7 Upgrades
There are a number of things you can do to increase power & reliability:
I have no idea how extensive/expensive you wish to go on this project.
A Pertronix ignition & coil is a good start.
The reground cam must be used with new or reconditioned lifters. The lifters must be all checked for a hardness of RC50 to RC55. The cam & lifters should be coated with a good cam assembly lube & cam breakin procedures followed. New cam chain & sprockets should be used. Installed cam timing should be checked against specs with a degree wheel & dial indicator. While you are at it, verify the TDC marking on the front pulley. There are ways to correct timing errors if found. Valve springs must be up to spec & the keepers & retainers in top condition. If in doubt, replace them.
If oil pressure is not presently around 30 hot idle & 50 running, either the oil pump is worn, or crank & cam bearings may be too loose. If the pressure is unknown, check the oil pump clearances & bearing clearances against spec.
Cylinders should be rebored if the bores are not perfectly round & with no taper. The cylinders should be bored to fit each individual piston. Not all pistons in a set may be exactly the same. If not reboring, the cylinders should still be honed with a surface finish that is compatible with the rings you are using. Not all rings use the same cylinder finish. Cylinder bore condition & piston & ring fit will probably make the single biggest difference in power. The Deves style (gapless) rings seem to work very well.
Rocker arms & the shaft are frequently worn & they can be reconditioned if not perfect. Otherwise they will flood the valve stems with excessive oil which is drawn into the combustion chambers. Oil in the combustion process noticeably lowers the effective octane rating of fuels.
The head & block mating surfaces should be perfectly flat within .002" & corrected if they are not. Manifolds & mating head surfaces should be flat within .005". You can run a large heavy, stiff, flat file over the surfaces to easily see any low spots. Low spots can be measured with a straight edge & feeler gages. I would use new cylinder head studs, washers, & nuts.
Valve guide to valve stem clearances & valve seating must be perfect. So called three angle valve jobs can make a noticeable improvement. Valve guides can be machined for much improved stem seals.
Note that most of this involves perfect fitting of stock parts. We are talking semi blueprinting here which can make 20% difference in power over an engine that is just stuck together with some hope that everything is correct. Even with the same go fast goodies. It can also make a large difference in how long the engine lasts.
As previously noted, two HD8 carbs will provide more than enough air for the engine. The stock exhaust system is pretty good but a set of good headers will help a bit.
It would be good to have the crank & rods Magnafluxed to verify that nothing is about to break.
You can check a newly built engine with a cylinder leak down tester. A well built engine should measure no more than three percent leakage even with no break in except for the 20 minute cam break in run.
Have fun,
D