I'm not sure what your red line is on a 235, but I would think that with the right gears you should be able to do 65 - 75 mph. GMONIZ is right; if you want to go fast, be sure your brakes wheels and that front end will be up to freeway speeds. A V8 with modern trans and rear differential would be a big step up and make cruisin' at highway speeds easy. If you can do the work yourself, the transplants costs can be kept way down. This is the right place for info on making whatever changes you decide to make.