The 340 has smaller mains on the crank. This is an assumption but that means more meat in the mains in the block so doesn't that mean more strength in the block? Also slower bearing speeds in the bearings. I have read that the 340 block is stronger and can handle more power. Is that false? I'm planning on about 600 hp and I'm pretty sure that's right on the edge with a 360 block. I hate mechanical failures especially major ones that cost big bucks. My view is to always build things that can handle more power than you have.