Wasn't it hot rod that had serious casting failure when they opened 302 intake ports up to 360 size? Regardless- you'll only ever be matching the 360 head flow and the reality of it is that Magnums are just better in every regard. The amount of investment it'd take to make 302s better than 360 heads would get you Magnums or a complete Magnum motor. Add in the factor of how scared people often are with cams, lower CR is better than too much for the build.
The problem that ends up in budget is balancing where to spend money to achieve the goal.