Well maybe..... Making pistons weigh the same, ballancing the crank, same deal with the rods, making sure all valve springs work equally, and that bearings are all matched will increase the engines ability to create rpm.
RPM is usually limited by friction, hot spots, and over all engine ballance. Weak valve springs allow a valve to float at higher rpms. When a valve floats you loose compression, which feels like a skip or engine miss sort of.
In theory blue printing frees an engine to be able to produce all the power it can.
A lot of time is spent examining each part, polishing each bearing surface, installing and then disassembly again to check fit. Babbit bearings are made to fit the crank and rods all the same, with all the same clearances, not too tight and not too loose. A tool to test is called plasti-gauge.
A really good scale is use to weigh each part and drilling holes to lighten parts happens, drilling in non-stressed locations to make each part lighter, and have all similar parts weigh the same.
Many identical looking parts will not be with in 20 grams of the same weight, so you need to weigh them all and lable them all, and then make each one the same.
So in a way this can increase power. This labor is tedious, and expensive since all these things take time to do and finding a cheap machineist isn't likely.
Just matching rods is a chore. First you need to know what each one weighs, then make them all the same as the lightes rod. If a drill bite off a little too much, the choice then it to droll them all to be lighter and weigh them all again, or get a new rod and make it the same as all the rest.
Once done there is still going to be that = / - factor.
If you have ever seen a crank shaft with drilled holes in the counter ballance, these are crude factory ballencing holes, and are common in many cranks right from the factory, but these are not usually perfect by any means. Just to get that riight a considerable amount of work goes into making a jig, that is closer to perfect that the factory can get in a speedy production line sence of just good enough.