To answer your question: "If" the motor needs to be rebuilt, would it be cheaper to rebuild my motor back to stock if possible, or look for a bigger motor to put back in it when I get to that point?
Unless you already have another motor ready to drop in, it will be cheaper to keep the Poly. Stock rebuilds for most motors (i.e.: 318, 360, 383, 400, 440, etc) are relatively close in price...providing required work is the same from motor to motor.
You said it turns by hand, but the coil could be bad (I would also swap the balast restistor) and mentioned "If" the motor needs rebuilt. Sounds to me, if you get it started and it runs (well) you may just clean it up and run it. Again, cheaper.
The question to ask yourself is how much are you willing to spend? If you have money and time to invest in this area and want the change, then a motor swap is a viable option. Just be aware there will be modifications needed to make it all work.
As for "Any information on the Poly"
Stock, your motor has 8.9:1 compression and made 230hp & 340ft lbs of torque...with that tiny carb, log manifolds and single exhaust! The Poly also gets great gas mileage because of that tiny carb. There are many parts interchangable between the A and LA small blocks. Here is a good site:
http://www.1962to1965mopar.ornocar.com/poly318_1.html .
Other helpful sites:
http://www.1962to1965mopar.ornocar.com/poly318.html
http://www.dippy.org/forum2/index.php?topic=195.0
http://www.google.com/imgres?imgurl...56&bih=623&tbm=isch&ei=ftnLTdu9G4fn0QGo6LWFBw
There are many things that can be done to the Poly, keeping folks guessing. I will list some basic to more costly:
- Dual exhaust off the manifolds
- Cam shaft change (make this decison with carb/ intake in mind)
- 4 bbl manifold from an earlier Poly motor (4 bbl wasn't an option in `66). Would need a 4 bbl carb as well
- Headers. Yes, they aren't cheap, but you get what you pay for.
- Port work. There is plenty that can be done to make these heads breath.
- Larger valves. I put 2.02's / 1.60's in mine
- Stroked. Yes, they can be stroked...to the tune of 402 c.u.!
Do a search on this site for Gary Pavlovich, then send him a personal message. He has built many different combinations of the Poly. He was very helpful when I got to the cross roads that you are at now. I must admit, I get almost as many comments/ questions about that 'big motor with the distributor in the back' as I do about the factory color of the car itself.
Good luck, either way you choose to go!