Better rocker ratio. All of the head flow, more compression. (not 8:1) Better mill to grow from. (roller block stock, but not an 8:1 dog like the LA roller motors)
Think about it like this- when's the last time you saw a 360 LRE/E58 motor for $250 with low miles complete? Chances are your cheap E58 would need a lean-burn conversion. Most 360s were 2bbls or dogs with little cams that made 40+ less HP than a Magnum 318.
Yes. It has roller cam provisions factory. (you aren't breaking the block if you're not throwing hundreds of HP of boost thru it or having a massive tune hiccup)
It actually wouldn't surprise me if it's because the trucks sold much better and were sold to more people who you know- actually changed the oil after the first few years.
Basically. Magnum heads flow as good, the 318s have better cams, the 360s have more compression, all a very nice gain.
The stock radiators were crap in the new body trucks. Most split under 100k. Can't drive something with all the water leaked out of it and not worry about cracking or warping the heads.