If your serious about an alchy motor for drag racing, go to the track and talk to the guys using it. You should build the complete system for it, not try and mickey mouse it. You will probably need a mechanical fuel pump, massive fuel lines, alchy carb (more than just jetting involved, needle&seat size etc) plus you have to drain the system after every weekend and flush with wd-40 or something similar as alchy is quite corrosive. You will need a way to lean the engine out on start up to get some heat in it to race and possibly use a squirt bottle of gas to fire it up on a cold day for the first time. Higher compression is usefull but not mandatory. Although in general higher compression will give it quicker response when you nail it.
Are you going to bracket race? Or are you going in a particular class?
What else?....Oh buy it by the barrel as it's quite a bit cheaper that way, and ALWAYS, ALWAYS, keep the lid on tight and out of direct sunlight. Yes alchy goes sour! It also picks up moisture. Basically go to the track or to an engine builder and ask for help, they will don't worry! And yes alchy is more consistent than gas.
PS, a good friend of mine Carl Jessup is the winningest bracket racer in Canada. He runs mostly out of Luskville dragstrip in Quebec. Although he now runs a rail, his car was a 69 camaro with a 9:1 468 BBC on alchohol. This motor only turned 6300rpm in the lights and was freshened up every 4 years or so!