It's easy to over carb a street 318. As someone else has stated, the beauty of an air valve secondary is that it opens when the engine can use the additional air flow. The Carter AVS, Edelbrock Thunder AVS, Carter Thermoquad, and Rochester Quadrajet are all air valve secondary 4 bbl carbs. The AFB has a mechanical secondary. I'm not familiar enough with the Holley line to advise which are mechanical and which are air valve secondary.
Unless the 302s were going to be subjected to extensive work, I stuck with stock valves. I did consider going to the 360 (1.88/1.60) valves, but I never followed up on it. I had a budget number on the engine. I was a little over.
The 67-69 have a compression height of 1.759, 70-71 is 1.750, 71-86 is 1.739. These are stock pistons. The 67-69 have four valve reliefs in each piston (see photo of my 68 in the Demon). This piston sits .0036 below an un-cut stock block
Yes. No problem with piston to valve clearance.