318 Power, with real street manners ?

I feel that many hobbiests (newish guys maybe) tends to make the mistake as to not defining their intended use and purpose of their car. Building a car is pretty easy for the all out racer. He pretty well knows what he wants and how to achieve it. Problem lies with the guy that over builds an engine and finds it not suitable for his use, that is street/ open road driving.. not hauling *** on the track every month at full rpms. Too many people get high hp numbers in their head, stroker this, maxed out aftermarket the latest and bestest heads, $2000 trans, etc.
The topic was 318- with street manner.
The problem with "most" web forums, is that the mindset is "backyard street outlaws". Everyone starts out on topic. But it does not take long before we post things like 4.10 gears,tons of machine work, and high dollar parts (aluminum heads).
My post was to be able to turn a mid 14 second run (maybe twice a year at the track). And would not drive like it's a 10 second race car on the street.And without spending a ton of money to go mid 14 seconds. And if possible , get fair MPG's. After all it is a street car. And they are not much fun if they suck every dollar out of your wallet at the pump. When they get to that point...well you just don't drive them all that much!
And since I have a 318. Should I use it, or find a 360 ? I also will be using a 3.23 rear gear, and a lockup 998 trans.
I've gotten a lot of good information. But easy to get caught up in the "full on 1/4 mile mind set". I understand that. There was a time in my life that was my mind set also.