When I bought my car, it had a 318 in it....wasnt running (no wiring, tranny etc)...a pig in a poke.
Turns out it has a purple cam, double roller timing chain, edelbrock manifold....I added headers...running a 650 edelbrock....727 tranny and 3.55 tru trac.
Its a fun car......
But I wont lie to you --- I long for more displacement.......mo' pahr.
The 318 screams and pulls hard at top end, low end is not horrible but no long smoky burnouts for me.
Just not enough low end combined with my rear disks and the tru trac.
My plan is to "one day" go to a 408 stroker.
My opinion for you -- if you are swapping engines now anyways, go for at least the 360 and be sure the cam you use has low end. It is a small change to make now that will net you more power overall.
And not that this matters a lot to me, but saying "its a 318" as car shows doesnt garner the same reaction as "its a 360" or "its a hemi"...LOL