I can't forsee any problems with doing what you want, either. The cam bearings should all be the same and all will be merry. However, keep in mind that in 1987, the heads went to a centerbolt pattern for the valve cover, replacing the perimeter bolt pattern used on the small block we all know and love since it's creation. You will need to swap heads as well if you're going to use the 89 intake. However, if you have all the parts and a place to do it, then hell, go for it! BTW, a friend of mine had a 1989 Camaro RS with the 305 TBI. I think it had somewhere in the neighborhood of 175-ish HP. I would look at getting a better cam or something for it. You could do either roller or hydraulic flat-tappet if you want.
Kevin