400HP is much easier to get with a turbo setup. If you're sticking with a S/C setup, try to find a Gen V, and have the inlet ported. Fullsize intercooler, larger injectors, ported heads (with higher # springs, and all those goodies) Tiny pulley, full exhaust (or just put a dump on it in the DP) a nice cam, and then all the other little things...
Then, make sure you have someone who can tune lined up. Cause a tune will make or break the car.
Also, consider getting a 3.29, to get a little more acceleration outta the setup.