On the cheap, a 360 head , intake and a T-Q are the best hop up parts for a 318.
However, if you want to do better and take some time and money spent well and not just spent......
Add a 1.60 valve to the 318 head, port the stock 318 head and back cut the valves. Add the Edel. Performer intake. The head and intake's ports should match. Carb of your choice. I like the T-Q for a dual performance carb, but add what ever carb you like.