Dave C pulled a very conservative 161 whp (+37 whp peak at 7300 rpm) on my car with 91 octane, 20 degs timing, C2's, JWT ECU custom tune and Ti retainers with just bolt-ons and smaller hotshot header (than the SSAC), USDM 9:8 CR (?) OEM motor, pulleys, small intake (well under 3"). C3's are 0.526 vs. 0.500 and 285 deg vs. 275, they're not going to be radically different than the C2's, just incrementally (possibly with many IF's) a little more. When he did those tests the car wasn't even running particularly well, had some ignition gremlins. The motor had over 105k on it when he ran those tests, too.
I hit low 140's whp with pretty much the same bolt-on's, larger intake and a stock internals 10:1 with stock cams, and the JWT tune for the I/H/E mild mod USDM motor that came new with the car. That was hampered by apparently running a little rich up top, possibly due to about half a tank of race gas left in the car.. I haven't tested out the C2 profiles and still am sitting on a pair of cams w/o springs.
Sure I can see adding the C2's to the 10:1 if only because I'm confident with the larger header and intake, 10:1 vs. USDM motor, etc. I should see more power to the wheels but honestly anything above ~170 whp would be really a surprise. 180 whp would be a gift or more likely serious dyno error. I'd never use this approach as a basis for a 200 whp NA motor, mostly because even with that fine list of mods I'd expect to fail.
That said, my car with the 10:1 compared to the VE
before the cam kicks in with my current mods won't be any slower out on the track, and with some good tuning and the C2's I'd be giving up 10-20 whp on average compared to a lot of VE's I have seen. And that's probably mostly from 5500-6500 rpm. At 7000+ rpm I'd make 90% of the whp of a VE, and on the track I spend an awful lot of time up there, for very long periods of time w/o reliability issues.
Super responsive setup already with lower hp, I can't see putting a ton of mods into the internals other than dropping in my C2 cams. Beyond that, I would want to do up a very special nice VE, which would cost a hell of a lot less or at least deliver a lot more for my $$$. Beyond that, FI. Building a screaming NA motor starting with a stock lower end, no question I'd go with a VE. Things like 11:1+ CR bring their own special challenges, above all, whatever I use has to be dead reliable.
But dropping all that on a basic 10:1, you are out almost $900 easily on C3 cams and springs alone, less if you have a line on C2's which are more plentiful. I'll probably end up doing the cams first since I have been batting this back and forth for almost 2 years, or just get a VE for my SCC car and put its motor into my 2nd B13 which sorely needs replacement.
Ultimate NA builds are ultimately expensive, I would want to end up with a 10-12k redline motor and 240+ chp like my Dad's old Cosworth BDA/Ford Formula Atlantic motors, which managed that in the 1970's w/o fuel injection or real EM. Otherwise it would be a disappointment to me.