The head isnt perfect, the intake angle of attack is less than desirable, but can be compared to the bigport 4age head. And from the factory there is massive valve shrouding and lots of excess material to be removed. However it is very workable and you can find some serious gains.
I think you are gonna find alot of gains right in the head. All of the toyota designs I have worked with have major casting flash, and protrusions that need to be addressed. The seats need to be honed cut, and blended into the combustion chamber and port.- There are major gains to be had focusing on the areas around the seats. You will gain lots of torque focusing around the seat/combustion chamber. This will improve low lift flow.
All of the flash should be removed.
The exhaust ports are only flowing about 66 percent of the intake which means they should be opened up about 10-12 percent larger, for a good breathing NA 75-78 percent of the intake side. Take off minimal amounts of aluminum on the combustion chamber side, because these areas are going to keep your compression high. Just do a blend from the seats to the head on the combustion chamber side. But go wild on the exhaust ports (leave some material on the head to prevent reversion). Intake side, just clean the flash. OS exhaust valves are a must for NA power, as the stock ones are too small. The stock cams are tiny compared to whats out there 7.6 lift and 199 duration is pretty small. The headwork combined with serious cams will net you serious power.
256 + cams and high lift will give you what you want, 272s might lope, and may be as large as you can go with the stock AFM. (it might be different than a 4age)
I would go shimless which will be good for valvetrain weight loss, and massive cams without flicking a shim.
Do all this and smooth out the runners and of course the other boltons mentioned (Adjustable pulleys), and you will see some serious gains.
I personally wouldnt worry about the bottom end until you get the head flowing up to what you want.