I don't think any of the intake ducting GM used was consistent enough to get a very good estimate of CFM capability. The carbed convoluted tubing is going to disrupt airflow, and the TBI setups had a few different setups that would affect flow (silencer, and the weird intake thing at the core support), so at best we can probably guess, unless someone flow tests them. The best we can probably do is take the areas with the most restriction, and figure what that will support.
The CFM of the throttle bodies is a known value...535 vs 670. If the rest of the restrictions allow more flow than that, no gain changing anything.
I found this, which will may help calculate the opening in the air cleaner:
http://www.engineeringtoolbox.com/equivalent-diameter-d_443.html Still a lot of variables outside of that one measurement though.
I'd be surprised if GM left much power on the table with the air intake tract. There was certainly some traded to reduce noise, but if there was a massive amount, they would have made changes to address it.
I don't know enough about the SBC and BBC TBI setups to know if the intake tract was different, to indicate a different CFM. If they used the same intake ducting for the 350 and 454, you can get the 350 is getting plenty of air.
All the '81-86 core supports I've seen are setup for air intake on either side, one was for the Inline 6 IIRC. I swapped mine around when I went TPI.