Alrighty. I promised some simple, affordable recipes so this is where I'll start.
Lets do a 318. LA OR Magnum. It does not matter. You are splittin hairs arguing about one or the other. Perhaps the only advantage goes to the Magnum for the roller cam. But this isn't THAT discussion, so create another thread for THAT if you want to beat me to death with experience. Thanks.
Choosing the 5.2 Magnum here, for availability and great wear resistance.
"I" recommend getting a "good" used high mileage engine as a base. LKQ is a fantastic source. You have the internet too, look them up in your area. I found a 1999 5.0 roller Ford engine for 300 bucks WITH a 6 month warranty for the Robkat motor. Nuff said.
With that in mind, here we go.
Camshaft: Oregon Cams regrind. No surprises here. They will regrind your 318 roller core for 125 bucks to any of their grinds on their site. They will mix and match any listed intake or exhaust profile or any LSA FREE of charge. "I" recommend 205-220 degrees duration @ .050 and no more for this level. Lastly, USE THE RECOMMENDED SPRINGS. Don't be a dummy. This is no area to skimp. Not even on a budget. If you feel the need to use stock springs, go buy a box of Tiddly Winks and change hobbys, this one ain't for you. Ask for Bill.
OREGON HYDRAULIC ROLLER GRIND LIST:
http://www.oregoncamshaft.com/Hydraulic-Rol-Cam-Specs.html
Stock lifters are fine here. You can even use the originals if they look good. Don't be skeered. Take them apart and clean their guts up. All that holds them together is a little wire retainer. Remove it. Be CAREFUL. It will shoot across the room into the Twilight Zone. Although you CAN keep track of which lifter guts go with each lifter body, 'taint really necessary. Just clean them all good make sure the springs aren't broken, lube them with ATF and reassemble. If that's not for you, buy another set. Around 100 bucks.
Intake manifold: With budget in mind, the "Crosswind" or any other chinkesium air gap knockoff will suffice here. We're not looking to break the bank. Of course, if you have the extra coin for the Eddy part, go for it.....but then if you are building because of budget constraints, chances are you will welcome the imported piece. At this power level, you will never know the difference. Used is also fine.
Distributor: Summit sells a GREAT MSD knockoff that uses the MSD bushings to adjust mechanical advance. I highly recommend them. WHAT?!?!?! Did the MSD hater hisself just recommend MSD? Yeah. It has adjustable mechanical and vacuum advance, PLUS it is about 100 bucks cheaper than the MSD. Wouldn't surprise me if it is made by the same "folk". Probably THE single most expensive part here, but DO IT. You will not regret it.
DISTRIBUTOR:
http://www.summitracing.com/parts/sum-850028/overview/make/dodge
Magnums are noted for their fantastic wear resistance on the cylinder walls. Newer oils? EFI? Who gives a darn. That's another discussion. Start another thread. Use the original pistons here. This is a no brainer. Magnums have a shorter deck for increased compression anyway, so this is a plus. Wanna spend the extra to blueprint the deck height? I recommend it. But, that's mo money. Bout 150 where I am. Use a good moly ring. Low tension is FINE for the street. Cost a little more, but the number ONE friction causer in engines is ring friction. Again, wanna argue? Start another thread.
HEADS: The Magnums have pretty good heads, IMO.......long as they ain't cracked. You can get by with around .025" milled without worrying about having too much compression OR intake alignment problems. But honestly, you really don't need the extra compression, unless you just want it. No need to get real specific measuring for compression.....you CAN if you want. Around 9:1 or so is perfect.
All of this cam grinding and milling will likely necessitate custom pushrods. I don't know how many times I've seen on this site people shut SLAM down and dig their heels in over this. That's just stupid. You can get custom pushrods for 100 bucks give or take, BUT most likely, you can find an off the shelf pushrod for WAY less. I got off the shelf pushrods for RobKat for like 37 bucks. Don't be a moron and let something that simple scare you away from a nice engine.
Notice I say nothing about rocker arms. Get the pushrod length correct and the stock rockers are great. Why replace them when it's not necessary? More stupidness.
What are we up to now? Yall keepin score? I ain't, but even includin the original purchase price of the core, it still ain't much and we're probably gonna be lookin at a bonifide 300 HP 318.
Headers: SUMMIT. Shut up now about all yall's TTI this and Dougs that.....total CRAPPOLA for a budget build. You got it. Wanna argue? Start a thread. As long as you don't ghetto your junk out all in the weeds in the front and run the stock ride height and at least stock height tires, you will never hit a thing. Under 150 bucks for headers for a Mopar. Oh happy day.
Headers:
http://www.summitracing.com/parts/sum-g9040/overview/year/1970/make/dodge/model/dart
Carburetor. I gotta be honest here. Carburetors can be somewhat complex for a beginner.....hell I still have some give me fits today. Sometimes you just get a bad one. But I strongly recommend finding a good used core and building one yourself. You will learn it yourself and you will save money. What's not to love about that? I can get a kit for most Holleys and AFB and AVS styles for under 30 bucks. Thermoquad kits are usually around 50.
If you just HAVE to have a new one, I cannot recommend the Edelbrock 600 AFB or the Edelbrock 650 AVS any stronger. Although I have no direct experience, I really want to try a Street Demon Thermoquad knock off. I have read nothing but good things. No, don't buy your buddies 3310 750 for your 318. Dummy.
That's about all I have for now. Maybe next time I will write about the next level up. A mild 360. Just remember don't get caught up in going crazy picking parts out. It's only a mild street motor. Long as you stick close to what's recommended here, you will be a happy camper.
Feel free to add to. All thoughts are welcome......even arguments.....but please, lets not do that HERE. You got it. Start another thread. Thank you drive through. Constructive add ons are welcomed here, in THIS thread. If you want to argue a point, please make another thread for THAT discussion. I hope that clears up any confusion.