I can't believe the 1.6 rocker would be worth very much over the 1.5. A little bit of lift and a microsecond of duration. Back in the day when I was a mustang guy, we'd see about 5-7 rwhp going from stock sled 1.6 to aftermarket roller 1.7.
Fortunately the pistons on the 318s are so far down in the hole you don't have to worry about piston to valve clearance. LOL
If it was me, and you were seriously going to do the work, buy gaskets, intake manifold, etc. I would just buy a set of these:
http://www.hughesengines.com/Index/...HM=&searchmode=partnumber&page=2&partid=25426
Have them drilled (or buy the castings that are already drilled) for LA intakes so you don't *have* to buy an intake, and you especially don't have to buy that POS pro products thing. You get actual hardened seats, more flow, an honest 58cc chamber, stainless valves, and upgraded valve springs (stock Magnum valve springs are crap if you want to run any kind of cam).
These are the heads I put on my car. The motor that in there now is the first Magnum engine I bought. The #1 cylinder was leaking down 90% because of a crack between the valves with the stock heads.
My stock Magnum pistons are .050 in the hole and I am running these heads on 93 Octane, with lots of timing and the skinny Mopar head gaskets. No issues with quench or anything else.
Yes its a helluva lot more money than stock heads. They're faster than stock heads, and you don't have to worry about cracks.
My .02