"Volvo? I doubt it. GM 5.0L is
"Volvo? I doubt it. GM 5.0L is very common, so is 5.7L. If you contact Volvo-Penta with the motor serial number, they should be able to give you some info that you'll need when it come time to make parts choices.
Intake manifold, carb, rocker arms and cam will get you very close to 300HP, if not over. You should also look at the bolts on the intake manifold to see if they go in vertically or if they go in perpendicular to the mating surface for the intake and head. If they are vertical, you have Vortec heads, may have roller rockers and should have roller lifters. That's why you get 225 HP. Non-Vortec heads, etc give you about 205. 5.0L Indmar TBI was rated at 275 HP and they used a pretty nice intake manifold.
Going to TBI is expensive but there are benefits. You can still develop more HP and torque. Torque shouldn't be ignored since that's ultimately what turns the prop."