Take it from a guy who owns a 92 z28 with a 350 and a mustang 5.0, as long as you go from a dead stop you will win. The camaro is just so heavy and big it is a slug out of the hole but on a rolling start it will really fly.
The 350 TPI really responds well to head and exhaust work cause they are really restricted from the factory so check for that, just remember that this is no LS1 they were slow cars.
I take a lot of crap from my neighbors cause they dont understand how someone can own a mustang and a camaro, they always tell me that they can hear them fighting in the garage. I love both my cars. The Camaro rides so low and smooth and gets so many looks and I have owned it since I was 20, so almost 15 years and it still only has 39k miles. Nothing beats the Mustang though. For just the thrill of driving it and ease to work on and the availability of hop up parts, Just look in the Summit catalog at the TPI parts section and all you get is a throttle body spacer and an air filter.
Just wanted to add that the 350 tpi came from the factory with 245 HP.