Classic EFI or Carb debate

[CobraII76]

You could go the Mega Squirt route and build one of those controllers fully progmable off a laptop Run a throttle body and a hand full of wiring an electric fuel pump. stick with the stock type air cleaner and nobody would really notice. cost about 300.00 for everything going MS. don't have the URL off the top of my head but do an ASK search for Mega Squirt or Bowiling and Grippo.
8 inch rear the Mustang II used them with a "posi" unit should be able to find one in a bone yard pretty cheap that will slide right into your housing. Don't even bother with the 8.8 to much work to convert the quad shocks over to leaf springs and get everything to fit right plus you would have to do a 5 lug conversion on it depending on the year. And it's and Integral Carrier rear end it has a cover on the rear of it. Where your 8 slides out the front gears and all just like a 9 inch. DTS in Michigan and Currie have the parts your looking for. And if you go bone yard looking check the II's out for a L on the tag.