That little 340 is very street friendly, idles at 700 in gear (900 out), pulls good to 6,300 and my fuel system is just a Cater HV mechanical fuel pump-if it had a nice electric fuel pump and 1/2 inch fuel line from the tank it sure would help out, might well be running dry or it pull to 6,500 plus-with a hyd cam.
Cam is an older Crane Commando , 226-230 @ .050 on 110 lbc around .470 lift.
It does have those nice MP cylinder heads with 2.02 intakes and Erson iron adjustable rockers, the factory stamp rockers usually aren't a true 1.5 ratio and its harder to set the pre load just right..a 1/4 to 1/2 turn from loose I have the rockers set.
I believe the MSD 7 al ignition and MSD E curve dist helps burn more of the fuel and the timing is steady since there is no springs for the timing advance, its done electronically..has NGK non resistor racing spark plugs- under $3 a plug from Summit..I replace them each season, the high energy spark "eats" the metal on the plugs
And yeah, having two 500 cfm Cater carbs on an older dual quad intake helps out, with a single Holley 750 dp it didn't idle just as nicely and I swear it makes a little more HP even thou Edelbrock claims on the Chevy dual carb set up its down on HP from a single carb.
The 3.91's and 3,000 stall really aren't that bad, up to 55 mph it feels just "right" after that the rpm's do build but with a fairly quiet exhaust its doable. Around town in the 45 mph zones the gearing feels perfect to even not quite enough..2nd gear would pull even better with 4.30 gears but then freeway driving past 60 mph would be even worst.
My set up just isn't cheap to duplicate--mine "just happen" over the years..every year I did something and over 10 years later on I found myself with a very nice ride, IMO