A mildly modified Small Block will result in a drastic increase in power. Small Block's are famous to be mod friendly.
I don't know why you're so fixated on HP/liter. It's an irrelevant statistic mostly. Corvette's are fuel efficient already despite having a 6.2 liter V8, OHV makes packaging easier( smaller than BMW's 4.0 V8....), lighter( 15 lb. lighter than Ford's 5.0 Coyote V8), etc. Like I said, both engine designs have their pro's and cons. But, saying an engine is pathetic simply because it has a low HP/liter is the pathetic part in this. Because you can scream HP/liter all you want, it doesn't make the competition a better sports car than the Corvette necessarily.
BTW, OHC is an older design than OHV. So GM is with the times with the most modern ICE tech.![]()
The coyote engine, which is used here in Aus also in the Ford FPV DESTROYS LS engines. Even LS3's with a Cam, exhaust and tune package cant match the Coyote motor out of the factory. Ford actually understate the power that they make, when you chuck one on a dyno they put out a heap more power. This is common knowledge over here in Australia in the modified car scene.