I've been hanging onto a 1949 Packard 288 straight 8 flathead that I took out of a 47 Packard I built a few years back. It was a good runner, I took it all apart and stored it in my shed for future use. I did do a complete porting job on it, opening the siamesed intake ports to 1 7/8" from the stock 1 1/2" and opening up the exhausts to 1 1/2", full pocket porting to smooth flow past the valves.
The plan is to get a rebuild kit from Egge Machine with .100 over pistons which will increase the displacement to 302 cu. in. I can have the cam reground with a performance grind and have the solid lifters refaced by Delta Cams in Oregon or Shadbolt Cams in Vancouver B.C.
It's possible to adapt a GM HEI to the stock distributor shaft or Pertronix makes a pointless module for the stock distributor.
Another upgrade that can really help is to re-plumb the oil pump (rebuilt ones available from Egge) to bypass the outlet to a full flow filter then feed it back into the mail oil gallery instead of the stock partial flow can filter. Another important thing to add is a PCV from the tappet cover to the carb instead of the old road draft tube - these two things will clean the oil better and keep contaminents out of the system, making a longer lasting engine.
Another idea for this engine is to swap in the longer stroke 327 Packard crank with the 288 rods - with a .100 overbore would bring it up to 347 cu. in. The longer 288 rods would move the piston pin higher and make for a lighter piston - though they would need to be custom made....
It's a trade off - the 288 should safely rev a little higher and quicker due to its shorter stroke but a larger displacement, longer stroke combo would make more torque. Either way, I don't think you'd want to turn it much over 4500 RPM.
I plan to make an equal runner length intake manifold from 2" exhaust tubing to mount a 600 Holley 4bbl. and build a set of headers - shorty small block Chev headers have almost the right port spacing - with a change to new flanges will make for an easy fit.
Edmunds did make intakes for this engine and a lot of other flathead 4 6 and 8 engines but are sooo rare (expensive!) and even finned aluminum heads but many of them really didn't flow that well or had casting flaws.
Bendtsens makes tranny adaptors for this engine to bolt on most any trans as well as adaptors for pretty much every vintage engine - if not they'll make one (also not cheap tho...)
Some day....