You are absolutely correct. In fact, about 30 years ago I built a 360 with '71 flat top pistons, 318 cam, 318 heads, 318 manifolds, 318 carb... Torque was off the charts! It went into a '74 Power Wagon, got 23 mpg and could probably tow a mobile home up Vale Pass (in Colorado), if only at 45 mph.