The throttle body fuel injection is not what dictates the power levels of these factory engines, so slapping on carb won't do anything (well, could possibly lose driveability).
I agree that those power ratings are pretty crappy BY TODAY'S STANDARDS, but at the time it was a strong engine compared to other offerings. A TBI 350 was only rated around 200 HP/ 300 TQ during that time, and a few years earlier the factory carbed 350's in trucks were only rated at 160 HP. I remember when GM first started offering the TBI engines and they were a dramatic improvement in power and driveability as compared to the previous generation carbed engines.