A couple things kind of jump out at me. 545 ci, 11-1, 1000 cfm carb, should do 550 hp easy, but you say it's only spinning a worn out pump to 5400rpm. What is your cam? I would suspect you would be getting some slippage from that pump allowing the motor to spin higher than 5400 rpm. I think I would tighten the pump up and see how it does with the A. Maybe add an inducer to help get it to launch, but if you can't get past 5400rpm with that motor, I don't think a AA is going to do you any favors.