I saw a dyno and a story somewhere years and years ago, when I was a kid, someone took a stock 93 5.2, tore the injection off, added a air gap, and a mopar electronic ignition, and got 270HP......... I remember they used to brag the 318 had more HP than the 454 of certain times...... of course, the 454 had more power, in the real world, but, still..........
That's nothing to scoff at.
However, anyone who has owned a magnum 318 knows that it is weaker than a stale jar of kool aid until 3000RPM or so....... That's what happens when you put big heads on little motors, but, they went cheap.... (same reason an old 2bbl 318 would outpull a 4bbl 327 truck engine, when the going got heavy. small heads, torque. my 95 Dodge truck, like any 318 power truck with 3.55 gears and 16" tires, won't push the truck on flat ground in OD with a 15MPH mile head wind...
But, you're looking for HP and higher RPM performance, 1800RPM power doesn't matter to you.
OK, I'm done rambling, I'm tired, gnite.