Like I said, not trying to talk you out of anything. I don't care what you do.
You are correct in the 360 main bearing size. It's too big for what you want. BUT, I never like to give up bore size. Don't kid yourself, bore size makes HP.
If you are ok going out and being a back marker and having fun, so be it. But, when you come to a forum and ask advice about something so simple as valve shrouding but not giving exact details, you are going to get answers all over the map. You are not just asking about valve shrouding. You are asking about compression ratio, cam timing and all that.
THERE IS NO WAY I WOULD CALL COMP AND GET A CAM FROM THEM ON THIS DEAL. I know all the comp fan boys will hate my guts and flame me up for it but I don't care. You need to call somewhere that you get to talk to the guy who grinds the cam, or who is not some snot nosed kid just starting out. If you have an inside connection at comp then go for it. Otherwise, you need to call Jim at Racer Brown, or one of the guys at Cam Motion, or Mike Jones at Jones cams. The guys at Bullet are good too. Call them all and see what they say. Deal with the one who YOU get on with best.
BTW, you can put billet caps on a 318 (or a 340 or a 360) and it is just a waste of time. The cap is NOT the issue. The blocks are weak. Girdles do not help either.
Best of luck to you.
Keep us posted.
I'd love to see you succeed.