I guess it won't be a bad learning experience though I'm not sure you'll be satisfied until spending more time and money than you initially think.
One problem is the engine a TPI was designed for is a lot different than what you're putting it on. The ECM can account for some change, but not a lot. For example older slow burn heads need a lot more timing advance than heads on a TPI engine so the timing tables will be off by quite a bit especially at higher RPMs. You can replace the ECM with a pin-compatible upgraded ECM (dynamicefi.com P4 flash) which let's you tune it with a laptop.
@trona recently took a TPI setup off his 383 powered FJ40 after going to a newer 6.0. I think it'll be for sale soon if not already. Perhaps hit him up for info. I know he had the EBL P4 flash, zeitronix wide band O2 sensor, and other goodies.