To give you some numbers from "GMC Speed Manual" written by Bill Fisher (1955):
165 to 185 horsepower using: large valves, 3/4 race camshaft, dual carbs, 8.5:1 compression, and stock exhaust.
195 to 225 horsepower using: large valves, full race camshaft, three carbs, 8.5 to 9:1 compression...