Oh yeah, Canada, you are safe over emissions!
Get a 32/36 Weber or 5200 Holley 2-bbl, a Stovebolt adaptor, and a set of dual out Clifford Headers, or talk to FSPP about a special set for you. If the starter is low mount, like the v8 and 250 I6, then you'll be better off working through some options here. The Clifford dual out header is flimsy in the metal area, and needs thick aftermarket gaskets, and a Clifford port divider. Mike from FSPP is aware of the issues, and will help out if you are prepared to give the right information.
Go to the 5.0 V8 exhast system, and regulate the fuel pressure to 2 psi reduce fuel consumption. The early Weber 32/36 differs from the American 5200 Holley Weber in that it hates lots of fuel pressure.
The emissions gear and close mounted catalyst were very restrictive. The head breaths well, and it's just the feeback carb and exhast that upset it. The 1946 Holley is actually not a bad item, but its kind of small and isn't as easy to tune as the 2-bbl carb
Check Mark P's posts on Duraspark II mods.
If you like it with those mods, then adding six taller HSC 2.5 or 255 V8 will work very well for the built in Ford mess ups....pistons that park 50 thou below the deck face!
The Ford Six performance book is a mandatory purchase.
(I don't have mine yet, I'm a hyprocrite

)