This is true, but if that's the case, then why do people drive 4- and 6-cylinder cars? If you put a turbo on a 4-cylinder, it will make more power, but so will putting one on a V8, so why bother with the 4-cylinder? Maybe it's because that's what they want to do? The OP stated he made up his mind about a 305, and didn't want to hear the regular "just drop a 350 in it", why not just let him do the car the way he wants to?you are better off applying everything they did to a larger engine
As far as there being "no more work to switch from a 305 to a 350", correct me if I'm wrong, but don't all 78-88 MC's use the CCC quadrajet system? So wouldn't you have to get all different sensors made for a 305 and then have the computer re-flash? Granted, if he went with a hot enough cam, he would have to re-flash the computer anyway, but mild enough shouldn't need to do anything.