Found part of the problem (pic) :D

It's the bearings I'd be concerned about

Yea, one of my first thought also, but like I said it has good oil pressure and no noises so I figured it might be worth a try.
If it doesn't work out I'll get an LA360 for it.

Or maybe put my 318 in her car and the 360 in mine. :D
My car already has all the right equipment to take advantage of a 360 anyway.