Mummert heads are really not that expensive. We need to make the comparison more apples to apples. When compared to untouched factory large valve heads, there is no comparrison, that's apples to peanuts, and therefore the price difference is significant. However, once you have ported the factory heads, which puts them in about the same playing field, then the price is pretty close, close enough that if you're thinking about porting iron heads, it's probably a better idea to just get the Mummert heads because you also get other improvements, in addition to airflow.
Are they worth the cost? If you want much over 300hp, most likely, yes. If not, then probably not.
A built 351 or big block will be too much without any traction modifications, but so will that 292. It will not be hard at all to get the 292 to a point where traction can be a problem. The 292 you propose will probably be there. The frame can handle any reasonable amount of street power. Since you're not looking for a "full blown strip truck," you're not likely to exceed the capabilities of the frame and I'm positive you will not with the 292 you propose.
Lawrenceville, GA