re: the position you will be at the end of the 2nd swap; that is, to use the 360 in '92 chassis for 1-hour race and the 300 as your main (normal, regular) race bike is sound for this reason alone: the 360 will drain your energy more than the 300 at longer-duration events.
My 360 was the most fun bike I ever had (buddy said my best bike ever), but there was a (fatigue) price to be paid due to having big power instantly on tap at all times. I would never recommend a big engine for a long race. Short one, yes, but not one where endurance is key. If you want to show a thing or three to 450s about acceleration, handling, etc., then the 360 is a fine choice. Just don't expect to do so for hours on end.
My 360 was the most fun bike I ever had (buddy said my best bike ever), but there was a (fatigue) price to be paid due to having big power instantly on tap at all times. I would never recommend a big engine for a long race. Short one, yes, but not one where endurance is key. If you want to show a thing or three to 450s about acceleration, handling, etc., then the 360 is a fine choice. Just don't expect to do so for hours on end.