Alex,,,,,,,
You are correct sir.
The 400/350HP was the 'base engine' in the 1968 GTO.
A 'no cost' option was the 400/265HP 2-barrel,
called the 'Economy V-8'.
The only transmission available for that engine was the TH-400 automatic
You would find those cars classed in K/S A in 1968 (13.00 - 13.99 wt/hp).
That 265HP engine had no business being in a 68' GTO,,,,,,what
was John DeLorean thinking on that decision.......