Considering the LM318 never had a special marine head.... How do we know that the heads wont work? They also never made a LM 318 with adj valves, so there is a possibility they were added, or someone moved up from a 273 block to a 318. reverse rotation motors are easily spotted by the dist drive on the cam, the gears are pointing the other direction. The seal will work OK, if you don't mind a few drips...... I used a rope seal when I went from LH to RH, and it weeps like an old diesel too so I guess there is not much winning. What makes a RH crank leak running LH is the oil grooves on the crank where the main seal rides are bass ackwards.
As far as block and heads, there is no diff with the marine acessory holes, or any other. The LM blocks were simply premium auto blocks.