Another 318 set up
I did a low budget 318 build a few years ago. Nothing special kb167, a xe250 cam, performer intake, summit 600 carb, summit ready to run distributor, hooked headers. I avoided machine shop charges by using stock bore size and used a .028 head gasket. Heads were just stock 302's. I didn't balance the assembly even though the new pistons were lighter the stock.
On hindsight I probably would have bored it to get the closer wall tolerance of the hypereutectic pistons, and zero decked it in leu of a thinner head gasket, and had it balanced, but then it wouldn't have been relatively cheap.
I used it in a dodge truck for a couple of years. I don't know what the horsepower or torque was, probably upper 200's, but it felt nice and responsive.