Thanks.
If I were you, I'd rebuild or check to see just what the 340ci is packing. From there, either continue it's build or start fresh. If you're going to go big block in a mild fashion I'd stay with the 340ci. If, on the other hand, you want to get some serious horsepower, go the 440 route. Some people will tell you 440 but tend to think everything is race driven or race spec. You said mild and a street driven/cruiser, not a race track scenario.
Rule of thumb, a Mopar small block weighs 100lbs less than a mopar big block, a big block weighs 100lbs less than a Hemi, 100lbs is roughly 10hp loss in weight, so, there really isn't much in terms of hp loss apart from better cornering. 440 cars handle well, well, mine does so I presume others do to. Though when things get tight and at lower speeds the small block 340 takes the cake, by a fair margin. With a bit of speed & nice open/mountain roads the 440 handles very nicely.
I guess it all comes down to what you want to do with the car and how it will be driven. Both have their pros and hardly (if any) cons. If you've never owned a big block maybe it's time? You can always box that 340 up and keep it in the corner, if you prefer the 440, awesome, if you miss the 340....it's there for you., just a loss of $$$ to contend with.