67' 318 crank in a 69' 340

I would start by posting a close-up picture of the parting line on that 340 crank, as well as a picture of the damaged flange you mentioned, so that crank can be evaluated. The "parting line" on a cast crank usually looks like a sharp-ish rough edge and forged crank is wider and smoother. Usually easy to tell by seeing it. As for the 318 cranks, I personally never saw an LA 318 with a forged crank, but some of the older A 318 polysphere headed engines did have it forged. If you have a forged A 318 crank, it's just as good/strong as the 340 forging.
about 50 years ago, I had a LA318 truck. I think it had a forged crank in it. I don't have it any more, it's in TF Paddy's yard, now, so I can't verify that.
I think the balancing is different, so you'd have to address that, if you use the 318 crank