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I vote for TPI or TBI. They can both be had cheaply and easily from any junkyard. Buy a TPI/TBI swap guide (there are several) and see what's involved. While I much prefer a carb for simplicity and its lack of roadside failures, I can't stand the cold running characteristics and the potential for stalling/stranding. A carb is designed to run under a finite set of atmospheric conditions and anything else its just guessing and robbing you of power.
Also, the carb vs. efi power debate is an old one, but unless you are an expert tuner at both, its pointless. Are you going to tune for power, fuel economy, detonation tolerance, elevation range...? The list goes on. If you have unlimited access to a dyno and an intimate knowledge of tuning, it will help, but why get a carb that you can get close with, when you can install a factory TBI or TPI and let GM do all the tuning for you. The chip in that computer has all of the drivability you could ever want, and there's a huge backing of aftermarket tuners ready with stockpiles of chips if you change cams, heads, or anything else. They've done the expensive difficult tuning part for you already.
I have a carb on a 66 Bonneville with a Caddy 500. I chose it there because of several reasons. Foremost, it would have been a complete custom (read: expensive) job since there are no acceptable factory setups. There was one, but it was pathetic. I also use this car alot for towing and the ultimate goal was reliability. If it dies on the side of the road, I know its not because there is a failing MAP sensor or a fried computer.
My two cents is to go with TBI or TPI, but if you go with a carb, I can't stress enough how easy your life will be if you do the following: Get a Q-jet carb from a pre-computer 305 or 350. Send it to Jet Performance with all of your specs and you will get flawless performance out of the box. I did this with a larger Q-jet for my Caddy 500 and I am so happy. No bog, excellent fuel economy (how about 18 mpgs with nearly 600 lb-ft of torque in a 5000-lb car with 3.73s and no OD). Their secret is the tiny primaries and large secondaries. It keeps part throttle velocity up and lets the air fly at WOT. The best street carb ever created in my opinion and Jet does them well. I would rather have a 1975 Q-jet than a brand new Street Demon.
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