you are building a 349 in a 318 block
using a cast crank
the 318 block when compared with 340 and 360 is a little less robust.
and you will have to machine the 360 crank on the mains to make it fit, which takes the 360 crank main journals past...way, way past a "normal" regrind to make good.
more or less the same casting so not the end of the world BUT... Walter P chrysler would be upset
mains
2.810 for 360
2.500 for 318
ideally you'd just buy a 360 or fit a 318 stroker crank (universally accepted sensible step forward)
BUT in a situation where you had a 318 block and you had a 360 crank and heads (all things that are cast off buy people who want to go faster) you can build a 350 motor where the pistons stick right out the top of the bore..but not so far as to cause top ring problems
but likely to put you in the 11:1 - 12.5:1 static CR position, depends how tall your pistons are
meaning very close attention to dynamic compression ratio will be needed when you choose the cam so you don't make a big pinging pinger
E5 fuel and a good ignition system necessary.
you use the 360 heads because you get bigger valves better flow and the chamber is huge in comparison to the 318 so the pistons do not hit the head
its the kind of thing you would do if there was no aftermarket parts and you didn't live in the country of origin for the motor....
you do it because you want to and everyone says its a bad idea because there are more sensible ways these days to achieve your aims
its on a Par with say
building a 4 inch bore POLY 318
a performance 273
an aussie hemi 6
a turbo FI slant 6
i.e you do it because its what you have and the idea of buying a different engine to throw much of it away apart from the block doesn't appeal.
you'd end up with a piston to deck configuration similar to the aussie RT Hemi 6 and some 340 motors where the piston surface is level or just proud of the gasket surface...
mine stick up further, that was n't the intention but i had to work with what i had. I had to cut the perimeter of the pistons and make sure the little dome edge was nicely smoothed....works fine but moves you away from the universally accepted way of doing it right...
expensive disaster or genius.... hard to tell until you try
keep in mind its easy to build a standard 318 with the pistons level with the deck, buy the wrong cam and make a detonating pinging mess. some thought to cam choice, in respect to overlap and duration when static CR is established, is very necessary
work out your current deck height before you take it all apart. how far different from the deck is the piston crown at top of stroke. you know all the rest. standard piston pin centre to top, standard rod length + stroke add them together with the + or - value you get between piston top and deck and you have deck height
you will need it regardless of what you build
Dave