Personally, I'd avoid it like the plague.
The Dana 44 swap is okay I guess, but then you have the 6 lug issue to deal with (6 lug rear, 5 lug front) or swap both axles and spend a LOT of time swapping out a Dana 30 that is a great axle to begin with.
The AMC 360 shares nothing with the Dodge 360, so parts are limited & it's never been a "powerhouse" V8 even on it's best day.
IMO, if you want a V8, find a 5.7L Chevy with 700r4/NP231 combo and get a Ford 8.8 rear axle. You'll get a lot more bang for your buck.