In short A360 is an aluminum-silicon-magnesium casting alloy with 9.0 to 10.0% silicon and copper held to 0.6% maximum, and that copper limit is what gives it markedly better corrosion resistance than A380. As cast it reaches 317 MPa tensile strength, 170 MPa yield strength and 75 HB hardness, with 113 W/m·K thermal conductivity and excellent pressure tightness.
A360 is the alloy to specify when the environment or the seal is the problem rather than the price. Removing copper eliminates the copper-rich intermetallic particles that drive galvanic pitting, so corrosion resistance moves from fair to good. Its solidification behaviour leaves fewer interdendritic leak paths, which is why pressure tightness is rated excellent and why hydraulic bodies and IP-rated enclosures are cast in it. The 0.4 to 0.6% magnesium also lifts yield strength to 170 MPa, the highest of the common die casting alloys.
The trade-offs are real and we will state them plainly. A360 is harder to run than A380: the process window is narrower, the melt is more prone to soldering to the die, and scrap rates are higher, so ingot and piece price both sit above A380. Without copper to help chips break, machining is good rather than very good. Specify A360 when corrosion, sealing or heat dissipation justify that, and A380 when they do not.