You're about to join the long list of people who posted this questions and then were swayed away from doing it by 95% of members on here

Just prepare yourself.
The 700r4 will operate w/o issue. Its mechanical, theres no ECM input to it.
Lets play a game, its called whats the real cost of things. Note I may quote some things high as I dont exactly check prices everyday...
Swap to carb:
$250 for a good intake manifold and gaskets, probably a little more for a vortec piece. You're stuck buying this either way with vortec heads though.
$100 for a fuel pressure regulator plus plumbing.
$400-$600 for a good carb
Another $100-$200 and a lot of time and effort to tune said carb in, lets not even put a price on the frustration you'll have with a carb off road.
$100 for the cheapest drop in HEI dizzy. $15 for a pigtail to hook her up because spade terminals wont stay on, especially offroad.
So you're into the swap for lets say $1000, to go carb and downgrade basically. Clearly you're allocating funds to your truck and aren't really on a budget given you're changing heads, intakes etc.
Normally this is the part where I rant and rave about downgrading you're truck, taking a step backwards, and ensuing frustration upon yourself for doing so down the road. But instead Im going to make a suggestion. Buy a FAST self learning throttle body kit... You never have to tune it, it supports north of 500hp and if you decide to change your cam again, or put long tubes on or change from 1.5 to 1.6 rockers its self learns!
Its a $1700 kit new, and yes you would still need that manifold but you need that manifold under any scenario here. The only other thing you would need is a higher flowing fuel pump (which you can get for about $60 that will direct replace yours) and the HEI dizzy. You win all the way around. I understand the frustrations with TBI, especially when you hold it next to LS port injection but seek your answers out else where my friend. Hell they just came out with the 2.0 version that supports 2000hp. Perhaps you can find a racer somewhere upgrading from 1.0 to 2.0 and grab a used setup even cheaper! I really believe this is the way to go for someone sticking with a small block that doesnt want to deal with the oldschool computer hassles of tuning.