E-Berg from Mopar Action did a series recently on his project Savoy for an inexpensive EFI, as well as the detail in the mags (you all get them right?) there is a link on the website with some info...
http://www.moparaction.com/Tech/archive/Savoy.html. Probably the easiest way, and for OK money.
As Dave said, it's been done many times and in many different ways. If you have the money you can get a F.A.S.T. system custom built to do everything you want. The absolute cheapest is Megasquirt where you can make up your own PCB's if you are so inclined. And there are many other kits or DIY inbetween.
My 2c:
- Don't do it if you think it will pay for itself as a fuel economy measure. It won't. However by all means do it for improved driveability and ease of tuning (although some people find 'old school' jet changing and distributor recurving easier - but as long as you are at home with a laptop my vote is for EFI)
- Don't bother with any CFI or batch injection systems - if you're going to bother at all then just go to SEFI
- Personally I wouldn't go to all the trouble for a system that was not fully configurable via a laptop, but that's just me - you could probably get 90% of the improvement with a less tunable system
- If you're going to do it I figure you might as well do it properly and do spark as well as fuel...but you don't have to.
It's one of the things to do that has been on my list the longest (prob 15-20 years!) but will be one of the last things to do.....I'm not even thinking about it until after the car is on the road! But I will do it for the fun of it.
I would definitely stay away from fitting a non Mopar, non V8 engine. That would be like tearing out your heart and soul - what you have left is an empty shell!! It might look pretty but it lost what made it special!