Yep, that would work fine on a 200, 250 or 300 as stock, theres not much more than 90, 100 or 120 hp net to provide gas for.
Regards the picture in the link.
E-series converter which boils the liquid propnae into gas is on the left of the picture....its okay for 270 hp with the nice big CA 225, 300 and 425 Impco carbs for 2 and 4-bbl V8 engines. Fine for any LPG carb on a six, and Impco's best converter in my opinion.
What you have on the right is a CA 125 Mixer, the propane carb that sends the propane gas into the intake port. It's only okay for about 125 flywheel hp. It's fine for a stock 300. Its for LPG (propane) only...for CNG, you use a special Impco CNG carb like a CA 200 or somesuch.
Background is that Ak Millar did a 2.3 Propane turbo Fox Fairmont, a 255 V8 Mercury, and a CNG Mustang back in 1983. Lots of work was done tidying the system into early on board closed loop EEC computers, so its not hard to get a kit to run. The later Command systesm which link in with the oxygen sensor are good with the F150, lots of dual fuel and LPG dedicated systems around.
For dual fuel or sole LPG requirements, there's no way I'd run a CA 125 as it s too restrictive for good performance on a 200 or 300 I6. Good options for a stock six tootling, but really like drinking wine from a shot glass as the CA 125 is only a 202 cfm carb, and little better than the stock 1-bbl Carter, Holley or Motorcraft item that's already there.
You could put a triple CA 125 unit onto an Offy triple carb system, and run it progressive with another 1 000 dollars worth of gear if you were keen.