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

Not a thing wrong with low buck, I fit that to a t. But I value every dollar so I put it to the best value, I’m not part of the throw away crowd of today. Bad part, if you spend a few bucks in that 318, how far do you go into that hole before you can’t back up? Carb intake and cam is it then you got a peppy little engine but no world beater and can back away easy.
I always found that good heads, intake, carb, and even cam will transfer right on over to a 360 if one would choose down that road. That free good running 318 ? Give it to the next guy..... :)