300 HP out of a 318, is it possible with bolt ons?

I would think that is a definite possibility. Heads and their associated airflow could be your biggest problem.
I do have one question though. I have always considered a "Bolt On" to be something like headers, intake manifolds, etc. that we bolted to the outside of a motor. Would we consider a cam swap to be a "Bolt On"? PLEASE don't get me wrong. I'm not trying to hijack the thread be negative, I am just seriously curious.
Guess it's how you look at it, To me I'd say any thing where you don't have to pull the engine, if the engine out and you do the short block it be a rebuilt/refresh anyways.