I’ve been tracking Ford engine tag info, I’ve seen a lot of people report known 427 marine engines in that time frame with tag code “366”. I can’t tell you with certainty at this time that is a specific marine code without someone having a Ford Marine & Industrial Parts book. The 427 codes “365”, “366” & “367” have all been spotted, and don’t appear in the Ford or Mercury car Master Parts Catalog (Parts books), so each of those appear to possibly be non car applications, but again without a Ford Marine & Industrial Parts book can’t confirm yet.
I think the other code you have is “7 B”, not “7 8”. That position is the date code, and “7 B” would be 1967 February, which would make sense with the “67” model year on the tag.
Those are my thoughts.