advantages;
if you use the early 302 heads, then the compression ratio goes up.
disadvantages;
the 302 uses 7/16" head bolts the 351w uses 1/2"
the ports are smaller
the compression not only goes up, it can hit as high as 13:1
you will lose power overall unless the 351w you are building is a late 70's on engine, and then you step sideways power wise.