Stallion,
Average would be easy to define with the C4s. With the exception of the '84 Crossfire (at about 210 HP), the LT4 (at advertized ((and under rated 330 HP))) and the ZR1, the "average" C4 made from 225-240 HP. It is much more difficult to quantify "average" among the C3. On one end of the scale you have the high-horse early '70s LT-1 and big blocks and on the other end is the mid-late L-48 with only around 170HP. Any Corvette has the right building block :L for horsepower. All of the factory advertized horsepower ratings are readily available for comparison on the internet. Also keep in mind that the torque developed by a motor can make a significant difference in how a car feels when driving. My '82 always felt faster off the line (and actually quicker until about 30 MPH) than my friend's L-98. Because he had a good 25-30 more HP he could easily beat me after a while, but in any event a good torque curve makes for a pleasurable street car.