Only problem with that is what if you lose a 40 YO rod bolt (the weak link in any old stock motor) and kick a rod and piston into one of the heads?
A potential problem, yes, unfortunate, yes, but fixable. Aluminum is easy to weld up and re-machine if something were to happen. Crack an iron head and you have an instant door stop.
Actually, I'd suggest something different than what your thinking. To get the current 318 up in power, you need to boost compression and pump more air. Easiest way to do that is to go with a set of ported closed chamber iron heads, like magnums with a smaller rv type cam with short duration to maximize the squeeze. Compression is power and the more you have, the more power you make. The extra compression will make more power on the small inch 318 than the nice, aluminum heads and cam will.
Then if you want to go build a premium inch, maximum power, aluminum head combo, spend away.
Speed o motive has been around a while, but I've never heard anything good or bad about them, so can't help you there. I might be more inclined to use Hughes, Muscle Motors, or Hensley first.