Looking for opinions on low budget 360 build

Thanks guys,
I'm not looking to stay at $300, just starting with the $365 kit plus machining costs (good point about bringing the crank too, rumblefish). I just can't spend thousands, maybe $1500 all in. I dream of new heads, roller lifters, etc...but those I think are a dream for me and my wallet.
On a strict budget, cut the heads about .040 and make sure the valves are sealed, install a cheap cam (like summit) with around .455 lift and 272 duration 110 centerline, a set of cheap headers and let her rip