Its been a little while.......
In the mid 70s, I dropped a junkyard 340 into a 65 V100 wagon, With fenderwells,a complete 318 topend, and a used 318cam. It wasn't particularly fast , but it sure was a blast. I remember it fondly. I was about 23, and not particularly car-savvy. I remember the cheep pricing too.......compared to today.
The only thing I have to say about 360s is pressure. I have run up to a little over 190psi-gauge on 87E10,with aluminum heads. I don't know how much pressure it is possible to run on pumpgas, but I can say that even 175 is a blast on the street, with a 223 or 230 cam.
I know nothing about drag-racing except my car went 93 in the 1/8 at 3467#, with the little last-engine,street, 367.
I wish you every success.