I know one guy that has used a 1970 block in his ranger. So happens too be Jim Oaks, the founder of this site. But as far as if you can use that cam, not sure. But the easiest way is to look at how much lift it has and have much lift the valve train can take such as your valve springs.
But I'm also not sure if the E cam comes in both flat tappet and roller, only know of it being in roller but nothing says a cam of the same specs can't be ground for you by a company. Also being a flat tappet, since you are gluing to be switching out the cam, you will need new lifters too. A good cam and lifters could cost you about half of your budget so be careful. And no you can't put a roller cam into a flat tappet and I wanna say vise versa too.
I don't know how much hp your engine was rated at from the factory or much more about it but being a 302, bolt on hp is an easy thing to do.
If you haven't read the tech library on what it takes to at least put a 302 under the hood, I would do that. Your going to need a dual sump oil pan.
Costed me a grand to do my swap but I didn't do a full gasket go through on mine, just did the oil pan, valve covers, etc... All depends on how good you are at finding deals.
And to find your thread easier, subscribe to it, is under one of the option bars and to find it, go under user cp. Wish I was on my computer, would make it a bit more easier to explain.
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