Read most of that before. If you got an original Hurst or 442 and want to keep your original numbers matching motor than a 307 build can make sense from that standpoint. Actual experienced engine builders like someone who does it for a living will not tell you that you cannot build a 307 to make decent power. They will tell you that for the same or less money including a reasonable core cost you will get more HP and torque out of a 350/403 and it no more work or money when putting it back in your car.
Assuming that you are trying to build something that will get around 1 HP per cube or better ie apples to apples. To do that a 307 requires major changes in heads & compression to get their ie a full rebuild with new or substantially modified parts. Low buck mods/rebuilds/refreshes can/will generally take you to about 220HP with a 307 after that spend wisely and get a bigger Olds.
Assuming that you are trying to build something that will get around 1 HP per cube or better ie apples to apples. To do that a 307 requires major changes in heads & compression to get their ie a full rebuild with new or substantially modified parts. Low buck mods/rebuilds/refreshes can/will generally take you to about 220HP with a 307 after that spend wisely and get a bigger Olds.