Cams for 318's

Do you think It would gain some (not a lot obviously) power with that one?

Sounds like I should be thinking more of adding a 4bbl than a cam, the thing is that my budget right now is like $200 for and upgrade and where I am there is no way I can get a 4bbl cast iron intake easily and cheap.
A 4 barrel is the next step in my opinion. A $200 budget won't get you too far. Recurving your distributor will gain you some performance. If you still have points it might be a good time to upgrade to a electronic system. Look for @halifaxhops posts. He's our resident expert.