Depends on what the 3.1 came out of. Fieros never came with a 3.1 from the factory. If it's an OEM 3.1, you're probably looking at about 150hp? If it's a Fiero 2.8 that's had a 3.1 crank you could be a bit higher, since the Fiero has a slightly bigger cam than the stock 3.1 (I think).
Someone correct me if I'm wrong. Also, I know the Fiero has the highest performance iron 2.8 heads. I don't know if these are the same on the 3.1. The 3.4 iron heads are the same as teh Fiero 2.8 heads.
Sorry for the confusion - I guess it all comes back to "what kind of 3.1 is it?"