#302 heads on a 360 work great on the street. I've got a bone stock set on top of a very mild 360 (MP RV cam is the only mod) with a 850 TQ and the bottom end is crazy. However it's not your best choice if you want to rev.
This is in a 4000 lb Diplomat, 2.94 SG rear, A904 trans, 245 tires...