I am not sure what year the 351W changed to 50 oz.
I actually didn't know that it did.
My block and crank are the 70's version, using 28 oz.
The C4
trans with the Mustang II flexplate bolts right up.
The RAD4 manual
trans, flywheel, pressure plate, and clutch also bolt right up.
Don't forget to route the clutch cable AWAY from the headers, I learned the hard way.
You can probably modify the Hookers to fit the way you want, if your handy with a welder, or find an exhaust expert who will.
I have seen stroker kits that will bring you up to 427cu in.
My guess is the 393cu in kit is safer.
The kit manufacturers will give you an estimate of horsepower .