I'm going to do a rebuild rather if it's a 318 or a 360. Will be increasing the compression, little more cam, stock heads with 2.02's for a 360 and 1.88's for a 318 comp valve job and back cut the valve's, headers and good dual exhaust system, have the distributor set up, will use a gm 4 pin module and matching coil. Gears, 3.23's or 3.55's. Will this package get me a decent performing engine or am I going the wrong way?
If you are rebuilding one, your budget is the limit. You will need all the components for it to work properly though. That's why my suggestion above is a good stopping point with a stock teen using bolt on parts.