There's no doubt that the 350 will outperform the 235 any day of the week, unless you've done serious work to the 235. But, it all depends on why you have the truck. As long as I have my 52, it will have a straight six, because I like it that way. On the other hand, I have a 69 with a 350 that makes near 400 hp.
Now, go build that 235 and put it in your truck. Then you can get a newer truck with a V8, so you can have the best of both worlds.