EFI is great, but why bother? The only thing it wuld really do is maybe improve the gas mileage a little, but if your turning it into a race car that shouldnt really be much of a consideration. If you already have a good carb, i would buy a charger for a carb'd car.
You would need a new hood, but thats no biggie.
Of course thats just my opinion, I could be wrong. 
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90 GT 25th Anni. Did the AOD to T-5 swap, SPEC clutch, Steeda Tri-Ax shifter, BBK 2½ inch off-road H pipe, Flows, BBK 70mm TB/EGR, Ford Racing aluminim driveshaft, 3.55's, welded subframes, Ram Air, 3 core radiator, NOS dry kit 75 shot, and a K&N filter.
12.9 @ 108
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