Back in '90 I had an '89 5.0L convert, 5 speed, 3.08 gears, free mods/cheap mods like a short belt, but still had full stock exhaust. 225 HP. I ran low 9's in the 8th mile on street tires @ about 76 mph.
Guy had a "400 HP" second gen 350 Camaro that was running 10.1s @ 71. I told him he "didn't have 400HP" and it was like I shot his dog.
Take the car to a track. If it doesn't run a 13 (or 98 mph) in the 1/4 or an 8 (or 79 mph) in the 1/8th is DOESN'T have 300 Hp. Period.