If you use three 500 cfm Holley carbs, with 46 thou jets and 4.5 power valves, and rig it so the inner one is running, and the outer ones are are vaccum operated, and you get a tubing rod spring tower brace, you'll get a cost effective 240 hp at 5900 rpm, by may calculations. This is a 'poor mans' version of the Argie Weber IDA carbed 221's you can see. You'd need a 4.56:1 set of gears, reving to 6500 rpm through the traps for a 100 mph quarter, and a 13.7 sec ET. Not much would happen below 4000 rpm, with maximum torque about 225 lb-ft at 4200 rpm, by my calcs.
This was the link to the argie Falcons, to get an idea, but its not working right now.
http://galeriasfalc.netfirms.com/galmotor.htm
You must use the last of the 1.75" D8 onwards heads, and a good 290 degree cam and Tempo pistons with the largest chamber head should give you enough compression to run pump gas. Great headers, and a good SVO/LX T5 would be ideal with this engine.
The trick is ensuring you have no hidden costs. Unless you are as shrewd and broad-shoulderd as Jack Collins, or have a confident approach to car building like Jimbo 65, who will possibly end up with injection any way, don't go injection. It will give good power and better driveablity, but its a nightmare to set up unless all the bits, linkages, and pumps, and injector mounts are specially fabricated. A single point discharge will not give good mixture distribution, and will not allow pulse tunning like triple carbs. Throttle body injection is not the way to go unless you accept a milder state of tune. Holley system is very good, but the manifolding must be good to suit, and I'm not sure if the 2-bbl Holley EFI is as good as the 4-bbl.