When I was in high school, I saved up a 1000 dollars from my first job. A girl I worked with had one of these that was white and said cobra down the sides in blue. I remember it had the snake on the fender. It was an awesome car. Dad said it was too much for a 16 year old kid. At the time I thought he was crazy, looking back he was right. I ended up with his new chevette, but I always wanted that car.
I know this is a budget build daily driver but if you have to pull the tank, wouldn't that be a great time to install an in-tank pump to go with a reliable/tunable EFI?
I found a site that is selling FAST EZ EFI multi-port systems for less than $2,600 (http://www.efisupply.com/fast_ez_efi.htm). This is not the carb swap system. It includes "Billet throttle body w/ IAC and TPS, Multiport EFI manifold, fuel injectors, fuel rails, fuel pump/regulator system, EZ EFI ECU & programmer, Multiport EFI harness, Wideband O2 sensor, MAP, air temp and coolant temp sensors."