318 hp question

how much HP are you looking for? stock 318 heads 675's will make340 hp with just a good valve job and a mild .450lift cam.with matching springs do you want more?( this is more hp then a stock 340/383 cu.in from the factory. with the smaller displacement torque would be lower.

On a very friendly dyno at 2000' below sea level.....:)

I respectfully disagree with anything close to a streetable compression ratio on that combo. I'd be thrilled with a "real" mid 200's number using 9ish compression and some bolt on's.