To put it plainly Sam without getting too technical, the block/pistons creates a certain demand of air for the cylinder heads to supply it depending on size of the bores and the stroke which is the speed it wants it.
The 340 2.02 cylinder had large enough valves and intake tract to supply that demand very well and then some in stock form, which is why they respond so well to a big cam and
carb and will make good hp and torque., much like the SB Chevy's.
How much you squeeze the fuel/air mixture once its sucked inside the chamber will depend on how big a bang you create (10.5:1CR) on the downward stroke which is power.
Thats why a 360 is more referred to as a torque engine, cos of there lower 8.5:1 CR. and longer stroke. Less demand, slower and less bang at the top.=less hp.
You can make a 318 into a lively motor by simply installing 10.5:1 slugs, a pair of 1.88 valve 360 heads will do and a decent cam, then your back to heads that can supply air to the bores demands and off you go on the tuning route. Basically you are re-creating a 340 but with a smaller 318 bore.
In comparison, a 440 has a BIG bore, its demand for air exceeds what a stock 906 head with its 2.08 int valve and a similar intake tract size to a 340 can reasonably supply it, thats why with the extra weight, and sluggish performance, a Small Block with a relatively mild tune could out perform a BB car sometimes.
Anyhow if you haven't fallen asleep yet reading this

...thats what its mostly all about.
Les