It's real simple...go get the GM manuals, they explain it thoroughly.

Of course, this is stock, and you mention that.
I know plenty of folks that have carb problems that they can't fix, or have off-road, the ignition system is never foolproof, nor is fuel delivery. If it's stock FI, availability of parts is NOT an issue. '87-95 for TBI on just about all vehicles, that's a wide range of applications that use the same parts.
My engine will run on 4 cylinders, or with a dead cylinder and fuel spilling into the other intake runners, can a carbed engine handle that?
Even with a "failure" EFI will usually run. ECM dying is very rare, that's about the only thing that is specific to EFI that can leave you stranded that a carb doesn't have.
Not to mention, who actually spends time to make sure their "bolt on and go" carb isn't washing down the engine with too much fuel, or running lean up top?