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most of the guys here have said it already. just to add my 2 cents:
carb pros:
1. a carb for the most part is simpler than fi
2. since the carb is a mechanical device, it can be easier to tune out of your garage with not much more than a screwdriver (but in either case, a dyno will help immensely)
3. that old school coolness!
carb cons:
1. requires a ton of patience (and experience)
2. susceptible to the environment, especially in temp and altitude extremes
3. rebuild and repair parts can be hard to find depending on the carb
fi pros:
1. higher potential for hp, reliability, consistency, and fine tuning
fi cons:
1. cost to buy
2. cost to tune/setup
3. cost to repair
so, each have their strengths and weaknesses. my opinion: stick with the same "type" of system that came with the car. you keep the character of the era in which it was built. i'm of the mindset to always upgrade, improve, and move forward if it makes sense.
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