Not sure I agree "it's subjective" I did this not long ago. Bought a what-turned-out to be a very low miles 318 "of the 70's ran it long enough to see that it ran well, then tore it down and replaced the cam with a mild solid cam a bit smaller than a 340, installed a 4bbl intake and carb, later went TBI EFI. That little gal woke right up. Fun to drive.