I think he means a lean AFR (fuel)
but yeah, I believe Meanlx is right, It would be hard for a N/A 306 to reach the 450hp mark, specially with those heads.
Anyways, build it, enjoy it and when the time comes go with more cubes (347)
or if you are interested, I have a used Zex nitrous kit that you can buy (for cheap) that will help you reach your power goals with the 306
Good luck!