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

To me it boils down can a 318 built for $3000 beat a refreshed 340 with airgap headers and something like xe285hl cam.
Yeah it would be a good showdown between a 5.2 magnum and a 340. I'm not sure a person can source a 340 very cheap these days. I have one but not going to build it for racing.

Lol I think this is how the 400hp thing got started