SBE 318 basic rebuild +CAM , INTAKE, HEADS, expectations?

Icetech said

Then as a 318 owner myself.. i will say... go on market place and find a 360.... you will have much more torque and power for much less money.. on a good day you can find one for $300ish.. put in a cam and intake and you will probably be in the same range as the 318 with heads/cam/intake... would be a better bang for the buck.

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I'm currently building a mild 318 to replace a Slant 6 in my 1974 Plymouth Valiant, 4-door, which I got really cheap. After I picked up the 318, a friend mentioned the 360 as a better alternative, dollar VS output. As I have a 7 1/4 rear end, I don't want to blow up the rearend. BUT, the costs are nickel and diming me, where I'm at $1000 and still need a flywheel, possible clutch and exhaust. I could have picked up a running 360 from a guy I know, for $100!