the best swap is to use the 308 casting 360 truck heads , they will make far more power then the early 340 heads do . We dynoed a simple head swap removing 340X heads & installing 308s on a mild 340 , we gained 41 RWHP on a mustang dyno . The 308 castings are found on 88-92 trucks , .
The other swap is to use magnum heads from 93 up , they will bolt on But you need AMC lifter to oil up the pushrods , different pushrods , Chevy roller rockers , different intake to make it work but the heads do flow well & make good power