I've read somewhere, don't know how much credence to give it, that Buick V8s typically like to have a bit more carburetor than the other makes of the same displacement. Makes me wonder if the 600-cfm carb might be a bit small for it.
The numbers I have for factory production (keeping in mind that 1975 and 1976 were LOUSY years for Detroit until they started getting a handle on working with the emissions controls - 1975 and 1976 were just "slap the band-aids on without thinking and sell 'em to the public")
These numbers are with single exhaust, and SAE Net, by the way
1976 Buick 350 2-bbl
Horsepower: 145 @ 3200
Torque: 270 @ 2000
1976 Buick 350 4-bbl
Horsepower: 165 @ 3800
Torque: 260 @ 2200
Odd that the bigger carb lowered the peak torque production slightly. But also note how that, despite the extremely restrictive single exhaust, the 4-bbl let the thing breathe better, increasing the peak-torque to peak-hp spread from 1200 to 1600 RPM.
My guess - even in 100% stock form, and with factory manifolds, even a factory-sized dual exhaust (2 inches is what they used back in the early 70s, right?) and modern catalytic converters would give 15-20 more horsepower and 15-20 more foot-lbs of torque. Headers might add another 5 to 15 to each of those numbers. Again, I'm talking SAE net.
So, even if you were running factory Q-jet, factory cam, etc., basically never changed the engine - the exhaust system alone should put you at a minimum of 190 net horse and 290 net ft lbs. That's NOT accounting for the headers. I am being VERY conservative because I personally hate when I overestimate things.
With the headers, I think you're probably hitting the 200 hp net mark.
Unfortunately, I can't judge camshafts at all - I don't know if that cam is good for a low-compression engine or not.
Additionally, I'm not sure what the (relatively) small carb is doing to the numbers. Weren't the Q-Jets all 800 CFM or thereabouts in that era? Then again, given how the 2-bbl gained torque but lost horsepower, you might be getting a SLIGHT edge on torque, but losing a small amount of hp. Not really sure.
Gross numbers are sometimes difficult to compare to net - as I recall, though, 150 net is around 230 gross (from what I remember of the early 70s Dodge 318 2-bbl)