Gross hp
SAE net 70's
SAE "Certified" Power started with the LS7 in 2006 which is rated at 505hp/470 lb/ft SAE Certified using the J2723 which is a voluntary 3rd party rating in addition to the J1349 rating of Aug 2004.
http://www.sae.org/certifiedpower/details.htm
The 375hp and 405 hp LT5's are rated using SAE net hp, certainly not gross rating methods.
The 92-97 LT1 5.7 had a net raing of 300hp, which was about 377-78 gross hp which made it the highest output SBC in history eclipsing the 375hp fuelie 327 and 370hp LT-1 350.
peace
Hog