The answer depends on if you drive your car hard around corners or want to shut the bonnet!
On an XT, the carby spacer will just fit...the hold down bolt and choke horn are the issue. I've seen people put ADM 34 Webers on 250 2V's, and just mount an XW Phase I hood scoop on the right hand side. Perhaps you could do that on the left side of your XT?
AlloyDave has a similar under bonnet set up to you, and may have done a little work in this area, he could tell you about the space issues with a 465 Holley. Sometimes two people can sort out some of the issues better than one guy going it alone!
Personally, I think that a cammed alloyhead could do with a little more intake runner room if you have a big carb. Lots of show cars ands some drag cars run the carb the wa you decribe.
Cornering is a matter of worry, though. I think you'd need to foam fill the bowls, run a stand pipe and a facet scavange pump and mechanical fuel pump with restrictor jet like suggested in David Vizards Modifiying Ford SOHC engines book. (yes xe, do go on). That way it'd never flood. Try 600 bucks!
Ching ching. My 2.2 cents, plus GST!