Howdy Curtis and all:
THe Dolly Parton factor is another issue. More is Better! It's the American way!!!
The new and rebuilt 350 & 500 are about identical in price. Holley 2300s are very tuneable. With other carbs it is sometimes very difficult to tune out a low speed bog or a high speed hesitation. Not so with the 2300s. Jets, Accelerator pump cams, squirter nozzles, power valves, all easily available, make for a very adaptable, forgiving carb.
Slade makes some good points. A well built, well tuned, correctly geared 200 with a modified log can use a 500 quite well. Put the same carb on a relatively stock 200, through a stock log head, with an adapter and it will be a miserable beast.
The formula detailed by Slade is a good generality for most engines. It is probably on the optimistic side for a stock, log headed 200, and probably conservative for a well built 200 with an Aussie 2V headed engine.
Also note that VE is achieved at a very specific place in the RPM curve, typically near peak torque. VE is considerably lower at an idle and at transitions. An engine with a relatively flat torque curve is more effective for a street engine because it stays nearer to the peak VE longer.
Adios, David