Poked around on Cranes website and found this-
'H-286-2 2400-6200
226 .534" I
236 .553" E
112
Hydraulic Flat tappet'
Leads me to this-
Run a Compression Check. If the Cam has a flat lobe or two, It will not perform, and 'eat' itself up.
Sounds like the Ignition system checks out, as well as fuel.
The lift of that cam, Exhaust especially, might, and I mean MIGHT be getting interference between the valve stem seal and valve spring retainer. (I had to clearance ~.100" on a .578" lift cam, to end up at .040-.050" clearence) that will kill a lobe or 8.
As Glenn mentioned earlier, Cam timing, this would also show up in a compression test.
As would a busted valve spring, bent pushrod.
The other thing thats sticking in my head...timing @ 8* btdc, and 34* btdc at ~2500. 'Typical' GM HEI has 20-22* mechanical advance. The numbers don't add up (28 to 30*, total is what I see)
A bone stock smog '78 wrecker 454, 210 hp (GM spec) pulled 4400 (with an 'A' imp.), on the primaries of a 750 holley.
That (your) 454 is still missing 1000 rpm or so.
Back to basics.
Dan'l