I'd really like to know where these 80-90 hp readings are coming from? Engines with 200k miles taken in Denver or what? I think it's only fair to compare apples and apples. I have personally seen a freshly rebuilt 4.0 bored .030 over and NO other mods turn 145hp. The OP is talking about a fresh built motor, that's what we should be comparing.
Not that it matters, I just feel that for that kind of investment I'd want to see more than a 50rwhp gain.