Its fairly expensive to use as its unit cost is high. The material is baked in an autoclave idealy, but I've seen people heat the stuff with a propane torch too.
The are many AVESCO set-ups which have carbon fibre stub stacks an intake runners, so its possible. As long a gasoline isn't washing the walls, its a goer.
It comes down to having a set intake runner layout which produces the power and torque figures where you want it, and then finding a book on it. 54Ford is the man to put you onto a good source.