Its possible to get there, but our motors are what is stopping us from getting too close due to the heaps of low end torque that we have, it stresses the rods. I would think its possible, and definitely possible with some Methanol, Ethanol or race gas.
Deadhook motorsports made 385whp/414wtq on e50 with a downpipe/intercooler/WGA/port injection. and they made numerous 360-370whp tunes on a completely stock car.
Again, I think its possible, but probably not on pump gas without some sort of additional fuel or additive.