$300 wont buy much push.
-Maybe a pick-a-part 360. Bam. Instant 14% everywhere. You will need a matching flywheel, a pilot bushing, and a driverside mtg bracket. It will accept all your go fast goodies, including the entire top end.You can keep the 3.21s.That 360 will easily equal 3.73s or better. And 3.21s are such a pleasant 2nd gear, in town.
-With the 318,and 3.7s or 3.9s and only 3 gears you will be forever hunting for a gear. Better to back engineer.Select a rear gear that will put you in a trans gear and rpm, at your favorite cruising-around-town speed.Say you cruise at 33mph +/- 3mph. Say you want to be in second gear.Say you like the way the engine responds or sounds or is happy at 2500rpm( pick your own parameters). Doing the math for 2.95s at 27.5 tall;What would that work out to? You see how that works? Now you are in the "perfect" gear.
-If your engine doesnt have the grunt youre after, more CID may be in your future.Or shed some weight. Every 100 lbs is about 10 hp, at the top end anyways.Its quite noticeable on take-off. Steel 15x10 inchers are HEAVY.One weighs more than 2 aluminums.And they hammer over speed-bumps and through potholes. 295s look sweet, but they are heavy. Who sits in your backseat? Mine went years ago.Mufflers weigh a bunch. Now, you gotta have at least one, but it doesnt have to be a brick. Center console; gone(that thing is surprisingly heavy. Heater;35#-gone. Rear window regulators? Well, with no rear seat, who needs em. 200lbs is like 20 hp or about a cam size. 200 lbs is doable. After that it gets tougher, and/or pricier.
-If I were to recommend just one thing it would be a change to a 3.09low 4spd.Not the o/d one but the direct 4th from the early As. It will pull all your rpm-drops up, and give you a nice starter ratio that 318s need.Again, back-engineer for the new cruiser-gear.
-A bit of math here,now, could save a good bit of money, time, or shoulda-couldas.
-Oh and BTW, back in the beginning I said the 360 would accept your entire top end. I wasnt kidding. I once put an entire 318 2bbl top end on a 340.Stuffed it into a 65 Valiant wagon, with fenderwell headers. That thing was a blast around town. Didnt take long to blow up the 904 though. Ahhh, the memories.
-Wishing you every success.