You should be above 200 WHp by 7,000 rpm. The old engine in my car did that with a cleaned-up stock port, factory manifold, factory ignition, and 8.2:1 polished turbo rotors. I also use a mustang dyno - you can't improve on steady-state loading...
I think that the carbs are running very rich. I always had trouble getting a carb to run at all with vacuum if I leaned it up enough to make power at WOT.
I really like fuel injection.
Still, there is something to be said for old school.
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1986 GXL ('87 4-port NA - Haltech E8, LS2 Coils. Defined Autoworks Headers, Dual 2.5" Exhaust (Dual Superflow, dBX mufflers)
1991 Coupe (KYB AGX Shocks, Eibach lowering springs, RB exhaust, Stock and Automatic)
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