Gross vs Net HP rating and the fact you have long tube headers and full catless exhaust rather than those god awful manifolds and tiny 1 7/8" head pipes of a factory vortec truck. Also the TBI on a rpm intake is less restrictive than the factory vortec intake manifold with all the fuel spider crap in the way. A Vortec 350 with headers, decent exhaust and a good tune is over 250 rear wheel hp. Even using a very conservative 18% loss through the drivetrain that is 305 hp at the flywheel.
It is also experience with these engines telling me you need fuel for a lot more than 250 HP.
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