Today, dollar for dollar, is the 318 faster than the 340 ???

Can one build a 400hp 318 for $3k starting with a good running stock 318LA? From those magazine recipes linked above, it looks like it could require pistons, heads, rockers, cam/lifters, pushrods, intake - anything else?? $3,000 sure doesn't go as far as it used to.
It's not that expensive. Can be done on a 5.2 magnum block with stock heads. Freshen up the stock crank and rods then freshen up the heads the. Add cam and intake. Easily a $3,000 budget and it will live