Today, dollar for dollar, is the 318 faster than the 340 ???

As of today. Junkyard 5.2 long block $250.00
Oregon cams #1364 218/224 .528/.536 110 lcl $179.00
Metric ring pack, true 9.1:1 compression. Roller cam with reusable lifters. Free
200 cfm stock. 192/1.62 valves
Bowl port and gasket match. Back cut valves [email protected] lift.
$250 labor.
Mr. Gasket 1121g brings compression up to 9.3:1
Professional products Crosswind $212.00
Carb of your choice??
Summit 15/8 headers $175.00
Summit 360 car pan $70.00

BTW 1973 340 8.5:1 240 gross horsepower, 290 ft lb torque. 10.5:1 early 340 275 gross horsepower. If this is the metric then we can match the factory performance and then some on the cheap.

218/224 Roller will perform better than 224 hydraulic. Being on a 110 will sound like a muscle car.

Eventhough I don't drink $1000.00 let's me have money leftover for beer and tacos.

Use LA front cover and now we are pushing 350 horsepower, all on the cheap. I have a 340 block . Block only $250.00 no way to build for 1k.
Let's think of smiles per gallon, hitting 8.5 on the Oh Yeah scale or pegging your fun meter all the way to the bank. This not about whether the same parts will make a 340 faster, but rather matching or exceeding factory 340 performance at its best on a budget. That we can do.

Thanks to all who have responded.