SmockDoiley hit the nail on the head in the middle of his post. Peak lift has nothing to do with p to v clearance. If you've got folks telling you that it does, you should think twice about taking camshaft selection advice from them. At peak lift the pistons are well down the cylinders; it's during overlap that p to v is tight. Larger valves than the reliefs in the pistons, valves configured differently in the head than the reliefs in the pistons (TW heads), and cams that have the intake valve opening sooner and/or the exhaust valve opening later are what reduce p to v clearance. It's more duration that will get you in trouble with a cam, not more lift.
Lift is an issue with regard to valve springs however. The stock springs, especially used, are barely adequate for the stock cam. If you're insistent on changing cams with the stock head, any cam that's truly gonna help you, is gonna overwhelm the stock springs. They must be replaced too.
Which leads us to the cam issue. All the cams mentioned above are designed for use in engines where significant mods in the heads, intake and exhaust have occurred. Put them in a basically stock engine, and they will hurt your overall performance. They will kill bottom end torque, with little or no performance improvement up top - and that's if your stock springs don't go into float at 4500 rpm. If you have any doubt about that, check the mildest one out. The E cam is the same as Crane's PowerMax 2040. Go to their web page and look up what they require to go with it. No automatics, bigger gears (that's because of the loss of bottom end torque), heads, intake, exhaust mods. There are only a handful of cams out there that can truly make an overall improvement in performance in a mostly stock engine. Crower's 15510 is frequently mentioned; CompCam's XE258 is another. BUt both will require different valve springs.
The bigger question is what are you really trying to achieve? How do you use the car? Are emissions an issue? Are other mods coming? Are fuel mileage or cold start characteristics important to you? Automatic or manual? If auto, are you sticking with the stock stall? Lots of stuff to think about that's dramatically impacted with the wrong cam choice. If you're just starting your mods - rear gear, the exhaust system, the heads, and the lower intake manifold are the biggest bottlenecks to performance on these engines. There are MANY high 11 and low 12 second cars out there running the stock HO cam. I'd turn my attention elsewhere before I messed with a perfectly good camshaft. Here's a site that will help educate you about cams:
http://www.wighat.com/fcr3/