What are you using for an intake? The stock 2bbl manifold with 34 ADM seems small for a 250, IMO.
Jack, with any modification at all, and even in stock form, the Weber 34 is too small. Its very economical, but it requires a return line and a special fuel pump. So if you want a Holley or Autolite with the Holley base, you'll have to go to the post I've done on Holley carbs for XE/XF's. Its a little bit of work, but I promise you for the small fuel economy penalty, you'll get a massive increase in performance.
I have a philosphy that undercarbing is the right thing for most people. Accept power addicts like us. Depends how far you wanna go. If its just fuel economy, the too small Weber 32/36 and 34ADM are wonderful carbs. But 125 to 130 hp is it. Anything over this, the venturi size is too small. Just a cam alone will push any 250 way up in power. A Weber 38 would be the most simple bolt on upgrade, but its rather rare and expensive compared to the 500 Holley. And it still uses the Weber linkage, whic won't work with the next item I gonna talk on.
The AOD is not a direct bolt-up to the Oz block. Are you planning a tweak to fit?
Its very hard to make an AOD fit the Weber kickdown linkage, let alone fit a 4 bolt Aussie block. I'd say it won't work at all unless you spend a long time sorting the throttle valve linkage, and then use the plate adaptor for the crank and bellhousing that I've made up. I'll send some pictures once I've got my ftp site running.
But the main idea should be getting it running within your budget. If you have to do things to an elitist, aspirational level, you'll be longer getting it done. I know, I am one of those people! That's why I'm not driving behind an AOD'd 250 at the moment. It's been a year since I first PM'd Jack on this site to see what the going modifications are to make an Aussie 250 work in front of an AOD, and if it were simple bolt up, I would have done it already.

Back then, my Falcon had a BW auto and a Holley 500.
I can vouch for the Holley 500, but not for the AOD conversion. Meantime, I'd look at the manual 3+od SROD or later O/D Toploader. There are enough people to help get the Aussie bellhosing if it suits you. Otherwise, I can send you my diagrams or an adaptor to suit the AOD. The only thing is the automatic trans forces you to adapt the V8 starter and 250 US flywheel. The header tube form the exhast needs to be bent down to clear it. If you use a tubing Perry, Genie or Pacemarker header for a cross-flow, you have to modify it to clear. An AOD won't allow the stock starter position to be maintained.
Best sum-up I can say is the one from the Ford Dunedin parts guys (counter wally). I asked him to check his inventory for a 250 C4 bellhousing, thinking they were the same as the US ones. After going through all the reasons why I wanted to know, he aked "do you know more than the Ford Motor Company?" This is the issue. Each modification needs to be thought through.
Al the hackmeister has well publicised the issues with AOD's. I'm inclined to think Jacks idea on using a GM thm 200 or 700 auto overdrive is a good one. Whatever the course of action, tell us, and everyone can get to see the shop diagram.
The neat thing about this site is that you can get others to help do the engineering work, and that can be crossed checked so there is no chance of getting told BS.
If you wan't help, PM or e-mail me, and I'll post the info I've got on the AOD.