It's tough to give you an assessment without knowing which AFR head, the cam specs and whether or not this includes headers with better cat converters, however be quite skeptical of what West Coast Corvettes claims because you can't buy pump gas anywhere in California to use 11:1 compression, unless it's a very cold, humid day.
Most likely, in Modesto, which tends to be warm to hot in the summer, if the car has an aggressive calibration, expect lots of knock retard running on 91 octane gas.
Now, if it's one of AFRs street performance heads (a darn good choice, I might add), the camshaft is something like the LS6 or maybe a little more aggressive, the engine had headers, low restriction cats, appropriate ECM calibration and about 95 oct gas, yeah...you're looking at 75-85 hp.
I'll add that Tony Mamo at AFR has his own head/cam package for LS6es that's worth 100 hp, I suspect fitted to an LS1, it would be about the same given the right cal and 94-95 octane fuel.