Well, I can totally understand how you feel about this injection system, it is definitely way cool, and I didn't totally believe that I would be dissatisfied with my system either. But, we are being totally honest with you, and don't want to you make an uneducated decision on this swap. Back in the day, when we started, LS engines swaps were super uncommon, heck, those engines were basically brand new. But there are a ton more of them out there, and as Dorian mentioned, they have everything that TPI has to offer, plus a whole lot more.
All that said, if I was to build an EFI 383, I would build one with a compression ratio of about 10:1, aluminum aftermarket heads that have a traditional intake runner pattern, and an LT1 intake machined to work with a traditional small block. I would then toss the old ECM, and buy / build a MegaSquirt ECM. You then have a far more user friendly ECM that is way easier to modifiy, and has support for many of the aftermarket equipment that you may want, such wideband 02 sensor, built in emulating, internal flashable prom etc.
Not only that, but then you can also retrofit in a DIS (Distributerless Ignition System), and run sequential fuel injection.
Then, all of a sudden, you are on a much closer playing feild as the LS engines are on. You will suffer in low end torque with the LT1 intake, but your engine will be able to breath up to it's full potential, and you will have the same excellent ignition systems available on the newer engines, not to mention the economy of a sequential injection system.
You could easily make a crapload of power with an engine like that, if you built the engine to match. And while you do loose low end torque as compared to the TPI intake due to the loss of the tuned runners, dyno tests have proven that the gains outweigh the losses to a fair extent.
However, once all is said and done, you'll probally have pretty close to the cost of an LS engine, and will still not be totally up to par to what a 6.0L engine has to offer in terms of a smooth idle, and insane low end torque, with the ability to run off 87 octane.
However, all this said, I've often thought that a mildly upgraded TPI system could potentially keep both the insane low end torque, and pick up some major ponies in the top end by means of forced induction... You might be able to pull that full 6500 rpm out of a TPI if you are running a bigger turbo that spools just as you come out of the range of the tuned runners at about 3000 rpm... You would again need to build the engine to match, including a strengthend bottom end (all forged, not cast), pistons made for boost, a lower compression ratio, and a cam for boosted EFI applications, not to mention a set of aluminum heads bolted on with head studs, and an intercooler... Again, still cost more than an LS engine in the end, lol
So, take it how you see it, we really cannot totally convince you one way or the other, but I must admit, I'm with Dorian in feeling that while the engine is great in the lower RPMs, it certainly runs out of steam in a real hurry.