And with the "modern" rear axle, then you might consider moving the parking brake to the rear axle from the rear of the transmission, too. Might need to emulate the '65+ system to do that?
Might stay away from the "Purple Stripe" cams, all things considered. The original "Purple Stripe" cams were a good bit more radical than the stock cams were back then. As in the "Street HEMI 284/284 Purple Shaft" cam, whereas the modern "Purple Shaft" are aftermarket cams, seemingly, co-opted from another cam grinder and need to have other things customized so they work good. It's been a while since I have looked at 361 cam specs, but the 256/260 factory cam would be a good place to start and the 383 "Road Runner" cam would be a good place to stop.
Main consideration would be the factory exhaust manifolds keeping things "corked-up" a bit. So a cam with more exhaust duration would be needed to compensate for that, rather than a cam with the same duration and lift on the exhaust as the intake. In those earlier times, the only type of "dual exhaust" was a "true dual", unlike the "dual outlet" single exhausts now termed "dual exhaust".
Take care,
CBODY67