I have a 403, .60 over, J heads, and RPM intake(milled and port matched to fit BBO heads). Ran 11.89 in the 1/4 with full weight '87 442 with 373 gears, 28" tires, and Edelbrock 750.
The idles nice and lumpy at the lights....cruises like a dream...and
stays cool on long trips. I love Olds motors!
With the C heads, and added breathing the motor will have, you'll be pushing the higher rpm bandwidth further out... I'd highly suggest strengthening/lightening your crank assembly! Get a girdle, and lighten and re-balance your rotating mass. Those windowed main webs in the 403 will always be haunting you!