Welcome Ferrell. A Y-Block is no different than any other engine. They respond to improvements in camshaft, compression, induction and exhaust. A good igniton coil and plug wires should also be used. The best factory Y-Block heads are limited to approx 290hp regardless of what you put under them.
To make good power with a Y-Block I would say the most important things are;
Compression of at least 9.0:1
Camshaft in the 220-240 degrees @.050" lift range. 106-110 separation
The Fenton intake should work well. See Ted's tests of 3-2 intakes
Good exhaust manifolds or better yet 1-5/8" roadster headers. Many people buy the Speedway Motors SBS roadster headers and modify them with Y-Block flanges.
At a minimum a 1959 or later OEM distributor with Pertronix unit and Blaster coil.
http://ford-y-block.com 20 miles east of San Diego, 20 miles north of Mexico
