Later flat fours had EFI and didn't Mexican beetles have in the later days too. personally I would keep as many electrics AWAY from the engine as possible, all you like on NONE essential stuff though.
A pair of well tuned carbs any day, might get a couple of MPG less and very slightly higher emissions but a lot simpler and performance wise, not a lot in it, mother in law has an old Honda Civic 1.4GL with dual carbs and it goes like like stink.