360 rebuild-low budget good power recommendations

My 2 cents on the rest of the combo,

Headers
Perfomer RPM intake
650 Eddy Thunder or 670 Holley Avenger carb
Sm. Lunati Voodoo cam....http://www.summitracing.com/parts/lun-10200702lk/overview/make/dodge

Should easily make 300hp and have enough torque for the stock trans and 3.23 gear. With 9.0 to 1, i think you can run a reasonably aggresive timing curve to keep the low end peppy and then pull it back when you go to use the spray. Just one of many possibilities? I'm sure more options will be forth coming......good luck on the build.