Jared, you can definitely make 150bhp+ with Weber 40IDFs
Sorry to disagree with you, Zach
I've built several 2110c bus engines (82 x 90.5) with the same valve sizes you listed (40mm x 35.5mm), using Engle FK7 w/1.4 rockers. The engines make just over 150bhp between 5900 and 6100rpm. Torque is just under 160ftlb (fw).
The heads and manifolds need work to achieve the amount of flow required but it's certainly possible to hit your target.
In other words your current spec is more likely
port limited than
carb limited.
I can't say for sure what the max bhp potential of a pair of 40IDFs is... the 40IDF equipped engines I've been building are designed specifically for Type 2s, where a decent spread of torque is the priority as opposed to maximum top end power. I'd take a guess maybe something around the 160bhp mark might be close to their max? You could probably get pretty close to that with an FK8 if you don't mind running a bit more rpm to get there.
If you can achieve your peak power target with smaller valves, ports, carbs etc... you have a more efficient engine, with good throttle response and excellent driveability. You'll have more torque throughout the rpm range than an otherwise identical engine fitted with IDAs.
PS... this ain't an anti-IDA rant. Horses for courses and all that
PPS... just re-read your spec.
10.8 CR. Is this a street motor on pump fuel?
If so, too high for an FK7 or FK8 IMO. You'd need to run more duration to get dynamic CR down to a reasonable level.
Need more info.