i was in your same shoes about 6 years ago, i rebuilt a 65 389 with stock 75 heads. unfortunatley for us the 389 is one of the expensive engines to build
i ordered a .030 rebuild kit from PAW with forged slugs. ive had hyper****ic pistons break on me at the wrist pin and left me with a pile of junk so i went with the strongest. i reused the valves and valvesprings, just had a full work over on it. lucky for me my 389 lived life as a demo engine at my highschool and had never been touched by a machine and had less than 200 hours on it.
a th400 went behind it for the first 3 years of DAILY abuse, and when i say abuse, i mean everytime i got in that car i turned into a maniac and couldnt help myself but to leave thick black marks everywhere, usually in a sideways manner.
for the last 3 years it has underwent a couple of diffrent transplants into diffrent cars, i dropped it in my 68 tempest at first, then into a 42 pontiac, and then almost went into a 65 falcon untill the 400 in my 68 tempest blew up . now i drive it on occasion when im tired of the whimpy lill import i got.
she starts up every time, usually on the 3rd rotation of the crank, and thats after me letting it sit for a week or two.
the only problem i ever had with this engine is that i put 389 pistons in.
which limited me to the use of 65 or earlier heads. but 1966 may be included.
so talk to your machine shop about opening up the valve reliefs in the slugs, or just order the "400" style pistons. pontiacs all used flat tops so compression was as simple as a choice of heads.
ive ran 72cc chamber heads on 91 octane with a MSD ignition and had little problems with detonation.
in my 389 right now im running a 234/242 dur cam (@.050) this is probally what your lookin for. gives it a nice idle and with my 3" exhaust and 2 chamber flows, i rattle pictures when i come home. no problems with my brakes.
one of the 2 best investments i bought was a set of crane stamped roller tipped 1.5 rockers for 175 its well worth it!
and the other being a MSD 6AL, so much nicer on cold mornings, hot days, and those times you have to put **** fuel in!!
all my speed parts come from summit

, OEM parts come from performance years, OPGI, and AMES.

only have bought a hand full of things from PAW,

their parts were right on but shipping was a probelm.
warrior racing has the eliete stuff for the pontiacs.
for 19 dollars, you can go to a book store and pick up"jim hand's guide on how to build max performance pontiacs, he shows ya all the lill tricks to do it the right way.
hope thats of some help!
B