Depends on what your using, if its a supercharger, then yes, as they arent as hard on the engine (far less torque produced). To be on the safe side, I'd stick to around 380bhp to give you some safety margin.
What I will say is this, if you can only just afford to do the work, then dont bother, as their is a much greater chance of engine failure (not painting a totally dark picture, as i had a vortech on standard internals, and my APS TT, with no problems). You just need to be aware of the risks involved. Ive had the standard rods in my hand and they are like MacDonalds straws, shocking quality. That is the weak link, the rods.