I remembered I had a 1957 Motor's Auto Repair Manual. It shows the 368 in Lincoln & Continential for 56 and 57, and for Mercury for 57.In the Lincoln & Continential section it lists the following specs:
1956 - 165# @1.38" valve lift .256/.256
1957 - 183# @1.38" valve lift .417/.417
Camshaft - zero lash Timing IO -18 BTDC EC - 31 ATDC
Mercury 368:
1957 - 165# @ 1.38" valve lift .417/.417
Cam Timing - same as Lincoln
BTW, for the 1957 Ford 312 8V it lists 265 hp @ 4800 and 336 LbsFt @ 4600.
161# @ 1.39" .272/.285 lift IO/EC 18/10
1957 Mercury 312 - 255 hp @ 4700 and 340 LbsFt @ 2600.
141# @ 1.39 .401/.421 IO/EC 18/10
Regards,
Dennis