It depends upon the level of control and sophistication you're looking for. In my previous post I mentioned the
MegaSquirt. These can be assembled by the do it yourselfer or bought completely assembled with the end user putting together their own hardware in the configuration they choose. This opens up the "black box" aspect of engine controls so that anyone can take over control of how their engine responds to changes. If you check out their site, there are people pursuing the entire range of possibilities, from extreme fuel economy to extreme performance. When it comes down to driving satisfaction, driveability, and repeatability, engine management systems can not be beat IMO. Of course, I'm also an EET so the programming and electronics don't bother me because the learning curve is already somewhat flattened by what I do for a living.
In the case of fuel preheating, something to keep in mind is the fuel pressure. With a carburator, fuel pressure is somewhere around 3 psi so if the fuel gets too warm, you've got vapor lock. With fuel injection, you've got fuel pressure of around 40 psi which will keep the fuel in liquid form to a higher temp than you can at 3 psi (same principle as having a pressurized cooling system). I read somewhere that your average fuel injector is good to around 400 F. I think a combination of heated fuel, heated intake air, and the atomization of the fuel injectors will achieve better in-cylinder vaporization
with driveability and control than carburated vapor induction alone will get you.
There are many newer vehicles and engines that have millions of copies on the road, are dirt cheap, and have inexpensive parts available. The problem with 70's (and many 80's vehicles as well) is that you can get anything for the engine but you'll be hard pressed to find anything for the body or chassis that you
will need to keep it on the road. Most salvage yards crush anything/everything that is over 20 years old unless it's a collector vehicle making it very difficult to keep such an old vehicle for a daily driver.
Just my .02.