Your comparing oranges to apples. If 862s flow better than old school iron heads from the 60s & 70s then with a valve upgrade should help out a lot.
PRC 220cc 5.3L Stage 2.5 CNC Ported Heads
A good P&P job and you buying the valves from e-Bay should run under $1K. The suggestion I made is for the budget minded. Besides if your gonna spend a ton of money to make a fast 4.8 a 6.0 is probably come along and eat the 4.8 for dinner and with less money.