Re: 260 Merc 5.7 rebuild
My current combo is a 355cu in. 9.75:1 compression with a set of heavily ported 416 casting 305 heads, Performer RPM intake, Edelbrock 750 cfm carb, Comp Cams XM262H cam kit w/springs, stock center rise manifolds and 4"risers w thru hulls. Same 21" prop I picked up 6mph(61mph) over last year. I've got a 23" Laser 2 to try next as my rpms were around 53-5400 with the 21". Haven't touched the carb yet and it does need some work. Just got the calibration kit for this weekend.
The cam I run is about the biggest you could get away with on those heads cause of the lift on the Vortecs without machine work or changing springs. I love it. Mid range and throttle response is excellent. Slight chop at idle around 600rpm. I would go for the Performer RPM or RPM airgap over the standard performer. I tried one and on a 350 they nose over a little over 4k rpm. The RPM/airgap gives the best overall performance.
The Alpha will be fine as said above. Just don't go full throttle wave jumping beating the crap out of it. Keep the drive aligned and good lube in it.