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IIRC it was Car Craft that did a "Real Street Eliminator" challenge once with a 80s ElCamino and that turbo Buick 3.8 swap, it ran low 12s in the 1/4 and during the ride and drive (100 some odd miles) it got 30+ MPG, they were amazed. Turbos are crazy things.
EFI is nice but it usually costs 10 times more than a carb (which he already has). But if it's an option you might want to look into GMs ram jet set up for small blocks, looks like it sells for $1600 on Jegs, but that doesn't include ECU, wiring harness, or sensors...but it is a cool setup.
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