my 79 350 came with a single plane Torker (mt-1) manifold and an older AFB without a choke. The Torker was likely used for hood clearance purposes. After rebuilding and tweaking it the AFB worked okay but still not great at normal loafing speeds. Great above 2500 RPM but the car rarely sees that. Engine has a Mallory HEI Style distributor, I don't know much about internals but it does have .010 over TRW pistons (seen from below) and .010 under main bearings (seen during rear seal change).
After some research I pulled the trigger on a new Performer EPS manifold, which really woke the car up at lower RPM. it's~3/8" taller but I was able to get enough clearance by tweaking the air cleaner. I was able to virtually eliminate soot deposits around the exhaust pipes with a little more tuning.
I was tired of no choke, and the AFB had some wear, so when I found a deal on a Holley 4150 series carb I grabbed it. I haven't spent much time dialing it in but it drives pretty great right out of the box (only a couple short test drives so far). I suspect a new Edelbrock would too, but I always wanted to try a Holley.
Thought about EFI but that's $2k+ vs $350 for the new 4150. Plus O2 sensors and hp fuel pump installation etc. Hope this helps.