That was a really good cam by 1963 standards but some of the newer cams are better. In 63 they had to design a cam that would last at least 100,000 miles, give an acceptably smooth idle and work with relatively soft springs. In order to get .555 lift they needed a lot of duration. (296 advertised and 250 @ .050)
In order to achieve an acceptable idle they had to spread the lobe centers out to 113.5 degrees. The wide lobes killed some of the low end and midrange torque.
Cams are one of the things that have really improved over the years. The "242/246" cam that was mentioned earlier would make more power right across the board. It has more lift, (.595/608) so it would require aftermarket valve springs. It's a nice cam but it's fairly big, if you put it in a stock stroke 409 you'd want to have decent compression and a looser converter if you were running an automatic.
The ramps on that cam are a lot quicker, more like what you'd expect from a roller cam so you'd also want to follow the recommended break in procedures carefully.
A modern hydraulic flat tappet cam could also match the performance of the Z11 cam. The Comp 274 230/236 @.050 (0954 on the Showcars page) has more lift with a lot less duration. It might not make the same top end horsepower as the Z11 but it would be close. It would certainly have more bottom end and midrange.
http://www.dr409.com/Diagrams/campage.html