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No, it won't. The only headers I'm aware of that are actually designed for P heads are made by Doug Thorley and Ford Powertrain (FPA). They're very expensive, although very high quality.
Sorry to drag up an older thread. My friend has a late model 302 with GT40P heads in his 65 fastback and is looking for some headers that will work. Since he is going to be using a MD clutch cable, shorties are what he is probably going with. The budget for headers is only about 250 dollars. Are there any shorties out there that fit the bill?