IMHO, skip the sidedrafts & put fuel injection on it. I've done both - dual Webers on a couple of VW motors, my current BMW.
Well set up, I don't think they give up much, if any, power to good EFI. Maybe a smidge here and there, but when properly jetted, they're really good.
Thing is, they're NEVER right.
Ever.
Too many variables, constant changes made them a continual source of tinkering.
EFI is more difficult to put on a non-FI car; you have to run fuel lines, more wiring, different pump, etc etc etc - but once done and adjusted, voila - the car just works.
To me, that's absolutely worth the headache on the front-side. It'd be pretty easy to swap dual sidedrafts onto a carbed car in an afternoon, and it'd run by the end of the day.
EFI? Probably not in a day, but once it runs, it'll run pretty well.
Trip to the dyno (pretty much required for EFI or carbs, to do it right), the carbed car will run well that day. So will the EFI car.
Thing is, once it gets cold, altitude change, whatever, the EFI car will adapt - the carbed car will not. It'll still run, but you'll be making changes here and there and IMHO, it is not worth it - Megasquirt is not expensive, and once done, it is done.
I got pretty good at making dual Weber DCOEs work. I'm not anymore; I put Megasquirt on my 2002 3 or 4 years ago, and it just works.
I like that.
As far as dyno stuff - I put a wideband on it, drove around on the street and had my passenger adjust the mixture on the fly, based on what the wideband said. It worked, it ran well, I was pretty happy.
Brought it to the dyno, did the same thing; leaned it here, richened there, $100 at the dyno netted me 12hp - about a 10% gain, and the car certainly did not feel like it was down 12hp BEFORE we went.
The dyno is your friend.
I used to like carbs. I don't anymore, especially considering just how easy/cheap it is to put fuel injection on a motor.
Iain