That looks about right. With that spec around 85 to 88 bhp at the flywheel should be expected.
The only strange thing is that the 266 cam in a 1275 normally gives maximum bhp at around 5500 to 5800 rpm, so maybe there is a bit more to come by some further improvements to induction, exhaust and/or ignition systems.
For Info
I have swapped out the original paper filters which were badly compressed in the Std Coopers twin carb Air Box which caused it to run rich.
This was identified on the Dyno. To test the air filters were taken out and ran up and which whilst unscientific unleashed another 5-7hp.
I have now K&N replacement filters in the original airbox and it seems to breath better and runs leaner.
I have changed the needles from the Std AAP (Innocenti) to AAQ. Just slightly richer following a similar curve. The car runs very well now and pulls stronger throughout the rev range.