Mine is barley 2" above the hood line but it did have a short intake on it and the motor is way low in the car.
It'll have a super vic and dominator on it when it comes out so I'll be changing hoods as well.
I like to have about 1.5 -2" from the bottom of the hood to the carb I;ve seen alot of cars speed up by opening up that gap... something people don't seem to think about.