The Bulldog will be too much- - - -a definite loss of torque in search of a little more high RPM horsepower. Since the 261/Corvette cam was originally intended for use in medium-duty trucks, torque is what it's all about. It will deliver better low end to midrange torque than the 235 cam while also giving you just a bit more high RPM horsepower. Getting any any more radical on duration and lift is going to start eating away at the lower end numbers.
The Elgin Industries cam is a clone of the original 261, with the only difference I can see is a slight variation on lash adjustment numbers. The one we put into John's 261 gave a noticeable improvement over the original cam, (also a 261) but that one had a lobe going flat.
A well-built 235 will run all day at 3000+ RPM, but bring a set of earplugs- - - -it's going to be noisy. I believe the factory HP was rated at around 3600. Getting much above that RPM is a fool's mission- - - -HP starts to drop off pretty radically unless you're running a full race cam and you've done a lot of porting and exhaust work. That kind of modifying really kills the low end performance- - - -wide open throttle all the time for a mediocre gain in HP. Talking about getting above 5K RPM with a stovebolt is territory where we're going to start wondering what you're smoking for even claiming that's going to happen. They're a lot happier in the 2500-2800 range and gas mileage will be better, also.
Jerry