Using that you could also run a Moates Ostrich 2.0 emulator and tune on the fly. No chip burning, but you need to learn a lot about the 1227747 ECU and the definition files it uses.
There's a ton of stuff at thirdgen.org that can get you up to speed on the OBD1 GM systems.
In terms of absolute power, there's likely to be little difference between a well tuned carb or EFI. The diff is mostly in the tractablity of the EFI system. Cold or hot, high or low altitude the thing adapts and runs. Even the OBD1 has a block learn mode that will tune the car to a degree over time as you drive it. Idle speed will be stable, spark advance will be exactly what it should be. The end result is that even with TBI the car will usually pick up some MPG and be easier to drive over a broad range of conditions.
There's a ton of stuff at thirdgen.org that can get you up to speed on the OBD1 GM systems.
In terms of absolute power, there's likely to be little difference between a well tuned carb or EFI. The diff is mostly in the tractablity of the EFI system. Cold or hot, high or low altitude the thing adapts and runs. Even the OBD1 has a block learn mode that will tune the car to a degree over time as you drive it. Idle speed will be stable, spark advance will be exactly what it should be. The end result is that even with TBI the car will usually pick up some MPG and be easier to drive over a broad range of conditions.