How would you rebuild this 318?

Are you sure it's not:
A loose converter bolt?
Cracked flex plate?
Loose balancer bolt?
Loose lower pulley bolts?

How many miles are on it? if it has a bad rod or main bearing why would it need bored out again.

Must take apart and know what's wrong first.
Exactly. Kill one cylinder at a time to diagnose a rod knock.