The program I have on my computer is called camquest. It's made by comp to show off their camshafts. It's more or less accurate, but don't take em as gospel. With the specs of your 305 in there and what you want to do to it, it should have around these power numbers:
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If it's hard to see, it's 279hp at 4500 and 347ftlb at 3,000. The cam I chose in there is what the summit cam is based off of, the comp 252H cam, which is their basic RV type cam. As you can see it recommends a 1300 to 2300 stall converter with a 3400lb car (further stats on the left blue column can't be shown at the same time). It'd be a perfectly fine engine for a daily driver with some grunt. It won't be a street demon, but it'll do some good smokey burnouts and get you from A-B. This was with stock heads and valve size, as well as a .030 overbore and 9.5:1, assuming it actually is an "HO" motor. Valve size may be incorrect, as I do not know the valve size for the HO motor, if it is different. I used the normal 305 sizes. Changing the intake to the standard aftermarket size of 1.94 netted 10hp and 5ftlbs. Again, this is just what it should make on "paper". I did put in the specs of my 350 Buick, and given my car's 1/4 time of 15.0, at 90, I estimated it had around 250-270hp. I put in my specs and it said 246hp at 4500rpm. Accurate enough for me.