Not according to the Fender Tag he posted.
I agree with
@Snotty and what others above were obseving.
While I am certain the pictures accurately represent what OP is seeing looking right at the car, the tag is
E85, fifth digit
T code in VIN
indicates car was born with 350 horse 440, not the "Mangum" (E86, U code) 375 horse mill.
All that said, car most definitely
could have left the plant with an HP block but otherwise E85 internals due to reworking/re-using common back then -- as was pointed out in other posts above.
I have not seen this latter case in any of my cars, but it happened a few times in old days I am told. So, you wound up with discrepancies in the hard parts/documents (e.g, E85 fender tag, HP block in the car)
I have seen MORE examples (I have owned two such cars), however, of civi cars (non-fleet orders) getting content NOT offered in civi cars (e.g., a Magnum/TNT/Super Commando
supposedly unavailable to ordinary retail buyers). The physical car and all its factory documentation show it
WAS born with things marketing materials/OEM archive sources said it couldn't get (Uncle Charley's '72 GF E86 coupe on this forum comes to mind).
'70 Monacos could surely get an
E85 as an option. I'd be interested in what other self-evidencing/build documentation says about this Monaco
IF camshaft is original, plus a couple other things that may be evident (exhaust manifolds, duals, etc) , that are common differentiators between the "regular" and the " Magnum" 440- equipped vehicles, maybe this Monaco will get sorted out.