318 converter with a 360

Yes, it is worth it. It is even more worth it to do it once. (I am too lazy to pull a transmission twice) If you can't afford a brand new "good" converter, hit the classifieds. I would target 2800-3200 rpm stall in a 9.5" configuration. Skip off the shelf 10+" units.

You can not just arbitrarily pick a stall and expect to be a match.It will definitely work but will
not be optimum.
Send all your specs to a good converter co. like Dynamic and they will build it specifically for
your combination,and it will cost a bit.