...Im building this as a race car...
If it's going to be used solely for 'sanctioned' racing and nothing else, then your power / engine specs are going to be limited by class rules anyway...so, the max h.p. thing wouldn't apply. For that matter, the FGT 5.4 itself might not be class-legal.
For some reason I got the impression this was going to be a 'hobby car' as opposed to being strictly a 'race-car-built-to-class-specs' type of build. I thought it'd be seeing some street use, too. 'Have no idea how I got that impression.
'Guess I'm just getting too darned old, Benny...