Both engines are able to make the power just the 318 will need about 500-800 rpms more than a 360 to make those numbers. So depends where you want to make it.
Also this engine will be used later on in a drag car or circle track car so ALL knowledge that I gain during this process will help me down the road, I have just been away from hot rodding for so long that I am in the process of learning what most of you have said on this fourm 1000 times over.
So thank you to all of you, I really really do appreciate all of your input whether it's what I want to hear or not as I know I am the only one that can decide what I am going to do in the end, but your knowledge and own personal R&D will and has been a great amount of help.