Update!
Picked up the 40 last week. Ended up putting a GM TBI system on it. Vern installed it, we had to have a talk about how I wanted some things done, and most of that was easy stuff.
The Turbo City kit comes pretty well complete, way more than the Downey kit and it's the same thing really. Rebuilt TBI throttle body, ECU, all sensors, wiring, fuel pump, etc.
Got the air cleaner from Downey.
I already had a DUI dizzy from Man A Fre. Had it modified by Turbo City as all the mechanical advance / retard hardware is removed in favor of a magnet and sensor for distributor info / timing. MAF and DUI sell a Land Cruiser dizzy already set up for fuel injection. When I bought mine I still had that awesome carb...
Install the fuel pump / filter below the engine, run a return line back from the TBI to the tank, if you have an older carb with cable fuel pedal, keep it you can use it on the TBI. Of course I had converted to the newer pushrod / crank version because of the newer carb.
Run the wiring, get the oxygen sensor bung welded in, be sure to mount the MAP sensor above the engine... turn the key!
Impressions:
First of all Vern did a pretty good job. I would go back, however... he did not fully install the air cleaner assembly on the throttle body and there was a large gap in the bottom. Only drove it a few miles like this before I noticed it (just drove it home and parked it, then started poring over the install...). Also he did not bolt down the ECU in the glovebox, just left it sitting there. I can easily mount it. Overall pretty neat and clean.
Driving it is a LOT better. Starts easily, stays running (I know this should be a given however the old setup stalled all the time). Much better power and overall driveability. I need to clean up a few things and fix the aforementioned stuff, can't wait to get it on the trail.
Now to see if it will pass emissions. It's a 71, so should be pretty easy. We'll see.