318 build. what would you do?

I agree w/ Moper with the addition of some #302 heads with a bigger valve. You can do it cheap and that address' (to some degree anyway)the bane of the 318's existence- compression. Mill'em, skinny gasket,etc. Without doing pistons (which is what a 318 really needs ).Then that cam will work much better and all the other parts will be singing harmoniously and will be much happier! How does it go? Suck, SQUISH, Bang, Push? Remember , Patience is a Virtue.