Budget racing the old nuts & bolts

Your tranny shifted great! Congrats on that. And, you and your wife are having a blast. I kind of, at this point, throw out where the parts came from or how you come by 'em. I say it's a 318, 4bbl, mild cam and headers, with cut 360 heads. With some tuning, you should be able to pull around 20 mph the last 1/8. Like I said, I'd throw more timing at it, and go richer on the carb. Without spending hardly a 20 dollar bill, I bet you drop the E.T. a lot and see the mph go up!