I have a 72 Demon /6 that I put a 75 K-frame and installed a warmed up 318. I upgraded the torsion bars, rear springs, put in BBP disc/drum, and F/R sway bars. I plan to install a 8.75 SG rear when finances allow.
FWIW, the 225 w/ A/C used the same TBs as the 318 w/o A/C. The 318 w/ A/C used the same bars as any 340. Rear springs added a leaf between the /6 & V-8s.
IMHO if going from a /6 to a 340, bump the TB size up as well as go to a stiffer leaf spring. There is a slippery slope going on from here. You probably have a 7¼ rear end, but make sure my assumption is correct. If it is, you should consider a rear axle assembly that is stronger. You also are going to want more whoa power to go along with Mo-power under the hood.
Going to a BBP rear and a late model disk brake setup solves this problem and opens up more possibilies for wheels with a bit of style to them. The other way to go is to use the KH disk setup from the 65-72 A-body. You'll need the SBP 8.75 rear to go with these brakes and your 340.