Short answer
No.
Long answer because i'm feeling charitable today. Ok well first there are a number of errors that lead to confusion in your post. You say you are going to swap oil seals, you are referring to valve stem seals? If you are saying you're going to take the seals out of the head and put them into a different head, don't do that. New seals only. The machine shop guy knows what he's talking about, the head will need to be decked, or made true, meaning it is completely flat; ideal for sealing. Now if by block you mean lower end (pistons/crank/bearings, etc.) 167k is a ton of miles. I wouldn't doubt it is a candidate for a rebuild (as we've learned from your mechanic friend it was run hot, that signals to "how else was it beaten on?") you might try boosting it with a t25 set-up to 230hp, but i sure as hell wouldn't try 300 on an engine with that many miles. I'd take the time to build the engine while you have one sitting around
To answer your question, yes you could use the head on the engine in your car, if it has been decked.
Could you boost it and it hold together? Yes.
Will is hold together? Most likely not.
Best thing for you to do, since you have a spare engine
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