George,
Building / specing an engine is no different than a car. To a degree, the limits are endless. The question you ask is like asking which car would be better for setting a land speed record, a Charger or a Gremlin. The answer is.... Whichever one you choose. Keep this in mind. The Speed Demon that set the record for the highest horsepower for a piston engine was a 4 cylinder. Why, because it was built for it. How would it run on the street? Probably not too good.
The answer to your question lies in the answer to what you want. A Flathead Ford can be built to provide you whatever you want. Yes including a land speed record.
Step 1. Figure out what you want to do with the car.
Step 2. Go to a reputable engine builder and ask him for his suggestion.
Step 3. Ask a few owners that have that type of engine.
Step 4. Get it built.
If you continue to ask on the forum, you are more than likely to end up with way too many reccomendations than you can digest. Personally, I like 383 stroker (GM) engines. They are the best all around for what I like to do. If I was building a 32 Ford, I would use a Flathead V8. Why because it looks cool and I know it can make the power if I need it to. A Buick Skylark, a Nailhead. Etc, etc. I hope this helps.
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