If it was me;
and I was going alloy
I would buy the 360 closed chamber heads, use the .039 FelPros, and machine the tops of the pistons off to set the Q to whatever I wanted. You can't really get too much compression ratio, doing it this way. And as I have said many many many times I run 87E10 at up to 185psi cylinder pressure, with full-timing.
My Q is set to in the range of .032 to .034.
At zero-deck,your 340 will fall together at about 10.2 Scr, and with a factory 340 cam the Ica is about 66*, so the Wallace says your pressure will be about 160psi. So IMO, you can do better than that cam, and pop your pistons out of the holes a little as well.
With the pistons up to .007, and assuming a total chamber volume of 74.8, your Scr at 4.04 x 3.315 comes to 10.31 .. A 268/276/110 cam would get you an Ica around 62, and at 400ft Elevation, the Wallace spits out a pressure of just 170 so you too cam burn 87E10; with plenty of head room.
As for me, I might be inclined to leave the dome alone in the open part of the chamber and shoot for 180 pressure
I'm just doing some preliminary math here, not telling you what to do ...............
cuz at 160psi you can run iron heads with tight-Q, but to get the tight-Q will be a challenge as already detailed; it's just more machining, more things to go wrong, and still gonna cost a bundle. and in the end, you still got an X-head to deal with.
as for the alternator, my squareback was no problem to make fit.