It is a function of what you want to do with the car. Either one will make the same power if properly tuned.
Carbs are great for the track and make good power. For a strip only N/A car, they are hard to beat. Step on the pedal and flush - it's a gasoline toilet!
EFI RULES on the street for a car that is driven in all kinds of weather, up and down mountains and gets great gas mileage. EFI will make just as much power as a carb and be easier to drive on the street. If isn't hard to tune if you know what you are doing.
There isn't a carb made without computer assist that can do all those things as well as EFI can. The only possible exception would be the IDA or DCOE Webers which cost major $$$ - like $3000 for 4 each IDA 48's and a manifold.
Here's a book that will get you started with how the Ford electronic engine control or "computer" works.
Ford Fuel Injection & Electronic Engine Control 1988-1993 by Charles Probst: ISBN 0-8376-0301-3.
It's about $30 from Borders.com - see
Amazon.com: Online Shopping for Electronics, Apparel, Computers, Books, DVDs & more . Select books and then select search. Use the ISBN number (without dashes or spaces) to do a search
Use the ISBN number and your local library can get you a loaner copy for free. Only thing is you are limited to keeping the book for two weeks. It is very good, and I found it to be very helpful.
If you are adverse to reading books, the car won't run any better with a carb than it will with EFI.