Andy,
Don't be too disheartened, realistically the most you were likely to see at 1.5 bar might have been 350hp (flywheel) or maybe a tad more. It will certainly take more boost than that to hit 400hp, but I guess you know that already. Was your 303 at the wheels ? If not, what loss is he assuming ?
How are you measuing charge ? Fine wire K-type or something else ? Only the former is really any good.
Is Dave getting to MBT ? In other words, is he confident that the timing map is optimal ? He's listening for knock, yes ? I hate to ask questions like these of such an experienced calibrator, but as you say he isn't known for his forced induction tuning. If you like you can forward me your calibration file and between me and you I will give you my honest opinion.
Yes, it's interesting just how much you can alter mid range with relitively small shifts in cam timing, as it seems you proved today
Still one of the most interesting projects for me, keep up the good work