the flex plate or the torque converter attached to the 360 will be weighted. (not neutral balanced).
so no you cannot just use it on the 318. you might be able to remove the weights if the tc has weights on it. you are better off finding a neutral balanced converter and flex plate to work with a 318.
the balancer on the front cannot be used to offset the rear.
a 318 harmonic balancer is different than a 360 balancer.
again for an internal balanced engine, the balancer, flex plate, and torque converter are all neutral balanced. (318 is internally balanced.) none of the items should have bob weights or halfmoons cut out or anything like that.
externally balanced engines (340 or 360 or 400 or 440 with cast cranks) use a engine specific balancer (360 is different from 340 is different from 400 is different from 440) and the flex plate OR torque converter will have an offset/weights (but not both of them)