One thing that hasn't been addressed here is how nmuch H. P. you are making or want to make. A word of warning here. The small block 302's in particular are not designed to make 2 hp per cu. in.. If you do go after horse power to match your rpm, you will be courting disaster. From a few racer buddies, it is the block that will let go before the bottom end does. The case will literally split in half. They are not designed to take that kind of punishment. Most well built/designed valve trains will take the high rpm punishment, but you got to remember the torque curve runs out around 6-7k unless the WHOLE system is designed to go higher. The rotating mass has to be very light and in extreme balance to go above 7000. Just a thought.
Bill
Bill