That cam will have the inlet valve open for a longer duration that the exhaust valve. IMO, I'd go for a symmetrical or a forward split grind, so that it won't struggle to breathe in the upper rpm range. Even with a crane 268 (206/
[email protected]), the power curve changes dramatically - with this cam you lose a little below 2000rpm but gain an incredible amount over 2500rpm, although the power tapers off after 5200 or so. I've recently (just last week) driven a stock cammed and a 268 cammed 304 back to back. The stock one didn't really make much power over 3800rpm, and just seemed to make more noise.
For a good balance between power and economy I'd be looking at the crane 276. Using those 3.9 gears will allow you to make the most of the mid to upper rpm gain, and if tuned well should be good on fuel. Still, a 2500rpm converter would be a worthy investment.
Don't need to do much to the heads. Just blend the bowls and take off any casting dags. You won't need roller rockers, but for longevity and reliability they aren't a bad idea. Good valve springs are a MUST and will ensure that your rpm isn't limited by valve bounce and that the lifters don't hammer the cam etc.
A full twin exhaust (including cats) is worth at least 20hp and a considerable improvement in throttle response according to crow cams (I spoke to them over the phone) and the local exhaust shop. I haven't fitted a twin exhaust to mine yet so can't give first hand experience on this, but I will be able to shortly.
Clive from Clive cam's has the documentation for all old wade grinds, and can supply that cam from the first page, but when I contacted him I was quoted ~$400 plus lifters and ended up going with crane instead. Don't rule out camtech cams - they have some more modern grinds which seem more appealing. It may be worth giving them a call.
IMO, anything over a 276 is too big for a daily driver with stock stall. At the absolute most, I'd consider something at around 222/
[email protected]. But the inlet manifold will be starting to become a decent restriction in the upper rpm if you've got a decent combo with that sort of cam.