the following additional items were added to the stock 360 in 1978:
Camshaft from the 1968 340 4-bbl.
Red stripe valvesprings with damper from the 1968 340 4-bbl.
Standard valve retainers (replacing rotators)
Large Thermo-Quad from Police 360
Intake manifold from the 1978 Police 360
Windage tray from Police 360
Roller timing chain and sprockets from Police 360
Dual-snorkel air cleaner with fresh air ducts
Chrome valve covers and air cleaner lid
Street-Hemi style mufflers
Cosmetic modifications included chrome plated air cleaner, valve covers, dual exhaust tailpipes and heat shields, side steps, and rear bumper. The only color was bright red with a gold tape stripe package and gold decals on the doors and tailgate. Body side and tailgate body trim were made of real oak, with chrome-headed bolts; the high end cabin (including convenience package YF1) was done in red or black, and owners could get either bucket (at extra cost) or bench seats; included in the package was an oil pressure gauge, automatic transmission, and rear stabilizer bar. The gross vehicle weight was 6,100 pounds.
Some have written that, in 1979, the 360 was detuned, using a standard 360 cam to make assembly easier, and adding catalytic converters. Kelly Looysen wrote that both years used the same cams and confirmed that the 1979 Lil Red Trucks used catalytic converters, and therefore required unleaded fuel. He also wrote, Any quarter-mile times I have seen give a slight advantage to the 79; my guess is that the higher octane fuel made up for the cats.
He pointed out that, if a lower-performance cam had been used, the 1979s would likely be slower.
http://www.allpar.com/trucks/dodge/lil-red-truck.html