I am pretty sure an LT1 is about 300 HP. I have found these numbers on another site for AMC's, but not sure on accuracy.
1980 AMC 304 - 125/220
Post '72 AMC 360 - 175/285
1971 AMC 360 - 245/365 (probably a gross rating)
AMC 401 - 215/320
Is the LT1 rating a gross rating (crank?), because the AMC stuff is net (rear wheel?).
If I could get within 50 HP of the LT1 (not sure on torque) with a fairly stock 360, I think I would be happy.
Anyone have experience with this company
http://www.flatlanderracing.com/rebuildkitsamc.html
or
http://www.rebuilt-auto-truck-engines.com/long_blocks.htm