Your budget of 1500 is pretty slim.
My cams are not 700. Maybe the roller cams. But flat tappets are much less. 225-250 with lifters
Line honing is not needed on most blocks.
I would suggest on a budget. Put in larger intake valves, bolt in lumps, deck head .030 and run a cam with less than .480 lift to be able to use stock rocker arms. This cuts costs.
