318 or 360 - What to Build

I have been doing a fair bit of reading on performance upgrades and have a few questions for you guys. again keep in mind I'm trying to make this a budget build

There is a local guy that is going to sell me a Weiand X-celerator intake and used headers for a 340/360 for a combined price of 400$ CAD.

if i pair this with the following:

• 360LA motor
• .508/292 purple cam
• Weiand X-Celerator Intake
• 750cfm carb of some sort
• home ported j or x heads with 2.02 valves
• long tube headers and 2.5" dual exhaust
• 4:10 axle gears
• 727 trans with 3000 stall (eventually I will A833 Over Drive swap it)
• I believe I will need to get domed pistons to boost pressure up around 10:1 - 10.5:1
• this would likely require premium fuel which is fine for me

will this be to gnarly of a setup for ripping around on the streets and minimal highway driving?

will i need upgraded valves, springs and retainers, and a beefy cam timing chain set?

I believe that that cam makes its power above 3000RPM and the intake is good for something like 2500-6500rpm