I don't think you could get the compression down for pump fuel with thicker gaskets. you'd likely need new pistons.
that does look like a drag motor. reminds of the majority of motors for sale on racing junk and yellowbullet. a ported super victor intake is popular for drag racing as well.
all that said, that thing sounds bad ass! should easily be over 700 hp.
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2004 NASA AIX Mustang LS2 #14
1964 Lincoln Continental
2014 4 tap Keezer
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