My bad, I meant ADD...
In either case, it makes sense to me to allow the EFI computer to control timing if possible. It has the most information about everything else going on in the motor, so it can optimize timing based on all of the other factors.
My plan is to pick up the "Dominator" version of the Holley system. It has the ability to control my 4l80E tranny as well, so it saves me from buying a separate controller. Again, I like the idea that a single controller (and a single set of sensors) can be programmed to give a more seamless integration of the engine characteristics to the shift profiles of the transmission.
The Dominator is a pretty powerful device, and you can set up different shift profiles depending on the application (soft shifting for comfortable shifts, full line pressure for drag-type brutal shifts)... It can monitor all sorts of attributes and you can program conditional logic to do tricky things. I printed out the full manual (about 300 pages) and have been looking through it as I have time. I haven't pulled the trigger on the purchase yet, mostly because I'm so far away from a running vehicle anyway and I'd rather spend that money on more important near-term parts & tools.