I looked at another 360 for sale from a 1985 D350. It didn't seem to be in any better shape. People around here think that any V8 is worth its weight in platinum, running or not, and even junk is $400.

My plan at this point is to get it sonic tested, and if it's good enough I'm just going to do a low performance stock rebuild and bore it to .060" and call it good. Thanks everybody for the responses!