AJ's Opinion; Just for you 318 streeters

Nothing wrong with the 273/318. Good combo. The 273 2bl came with 8.8cr. Run a.028 felpro and bump that CR up a bit. That intake carb combo is great for the 273. Just need a little gear in the *** to get it going.
Stock steel shim gaskets were around .024 compressed. A Fel Pro won't do you much good other than seal the head to the block. Also the newly made gaskets are over 4" bore which doesn't help. Cometic can make you some the right diameter but they are still .030 thick or more.