dwh is right on the money
The 1988 460 in my old crewcab dually was such a dog, a disappointing 195 ft lbs of torque and 200hp.
The single easiest, least expensive, most effective upgrade (at least to start) you can make to an 80's 460 FE block Ford is to advance the cam timing, undoing some of Ford's 'let's get it to pass 50 state emissions' whitchcraft. Advancing the camshaft timing will make a noticable difference for not much money.
You can do this with a cam chain and gear set described above (which just advances the stock cam timing by having) , or a new cam that has the advance built in. Either will require the striping the front of the engine, removing the timing cover, at a minimum. A new cam also requires removing the intake manifold, radiator, grill, maybe the front bumper.
IMO there's nothing wrong with the factory fuel injection on these engines, so long as it's working right. The tiny ports and valves, antique combustion chamber design in those 1970's design Ford heads on that big block truck engine will prevent you from ever making gobs of high rpm torque. I wouldn't change those out. I'm not sure I'd want to mess with headers, the 'juice is probably not worth the squeeze'. My old 1988 had exhaust manifold make from stronger cast steel (not iron, and rather expensive). The exhaust manifold bolts were titanium from Ford. They had to do this because they injected air, turning the exhaust manifold into this secondary combustion chamber to burn hydrocarbons that never burned in the inefficient combustion chambers I mentioned. The heat from this secondary burn event, required better manifolds and bolts, that see constant high heat, and lead a very hard life. Don't mess with the bolts, they break off in the head. Maybe pinch off the air injection to the manifolds, if your engine has it and emissions isn't a thing in your state. You might have to fool the O2 sensor by adding an extension tube for it.
I'd work with what I have, setting my expectations accordingly, with the goal of increasing low rpm torque and better efficiency.