The last 505 I built has a solid flat tappet about 280°@.050 dur on intake, and 298@.050 dur exh on it, and touching .600 lift. It idles clean and at about 950rpm and is not designed for mad horsepower. The cam that was spec'd for yours is way too small, as is the carb. Look for at least 230°@.050 if you run power brakes. If you dont, I would start looking at cmas in the .550 lift range, with at least 250°@.050 on them. It's not the heads, it's the cam and carb.