I'll give my .02 cents. You can see my 401 specs in my sig. I have a family friend that bought my brothers wag and put about $4000 into a 360.
Awesome head job, ported/polished
10 to 1
bored 30 over
Crane 270 cam
Headmen longtube headers
Holley Street Avenger 670
True duel 2.5 inch with Dynomax mufflers
2500 TCI stall
3.31 gears and 31" tires
Anyway we haven't ran them yet but I've been in both and my 401 has more grunt and seems to pull in the mid rpms better. We also g-tech'd both:
I ran a 15.60 @ 93mph
He ran a 16.10 @ 89mph
I'll take a 401 over the 360 anyday......
1979 Cherokee Chief S
401 bored .030, 9.5:1 comp, Edelbrock 750 carb, Edelbrock Performer Intake, 260 Crane Cam, Headman Headers, Mallory Ign, Turbo 400 (Full-Bearing) with B&M Shift-Kit, 2 1/2\" Dual Exhaust, Rancho 5000s, Rear Sway Bar