Mr. Schluter,
Many of the modifications that you are considering were tested by Frank McGurk and others back in the 1950s. In the Tech Tips section of this BB is a summary of a series of dyno tests by McGurk on a 261 back in 1955. Even at 2000 rpm the modifications that you are considering raised the torque and horsepower by about 25%. The smaller 235, with about 10% less airflow demand, might not realize as much benefit as would a 261, but I would bet that at least 15 to 20% at around 2000 rpm is possible. I had similar modifications on a 1954 235 back in the late fifties and the benefit was noticeable and enjoyable at normal driving speeds.
As John M pointed out above, a 261 will provide even more enjoyment. As for getting to higher compression ratio, pop-up pistons would be good if you need new pistons.
Frank McGurk, California Bill Fisher, and Roger Huntington published several books (more like pamphlets) back in the fifties. I have seen reprints advertised on Ebay and in Speedway Motors catalog and elsewhere on the internet (e.g., Amazon.com and abe.com). Leo Santucci’s book on the 292 is a great book, but not directly applicable to a 235 or 261. I hope that he includes a chapter on the classic Stovebolt sixes in a future edition.
Links to Road Runner’s post and to California Bill’s book are below.
link to 261 post by Road runner California Bill\'s Book