Hello,
it all comes down to control. The more precisely you can supply the perfect amount of fuel and air for a given load/rpm situation and the ignite it at just the right time, the more power your engine will produce. This is why FI beats carbs every single time.
And it's also why Wasted Spark or better yet Coil on Plug beats distributors every time. I'm not saying a distributor will fail, that is highly unlikely. I'm saying that you will not reach your 175hp target with one. Nor will you have any sort of tunability. Sure, back in the day someone somewhere in a shed was able to change the weights in a distributor, but those days are long gone. You could run a rotating dizzy and something like the CB Performance Blackbox. I plucked around with that in combination to bike carbs for a while. It's a capable combination.
For intake manifolds, my got to shop is
www.danstengineering.co.uk
Yes, CV carbs are much better at supplying the ideal air/fuel mixture than IDFs, DCOEs etc etc. You have the talented Japanese engineers to thank for that.
Bike carbs come with their own set of drawbacks, however. You need to build your own linkage (easier than it sounds) and as far as jetting is concerned...who knows! You'll just have to try what works.
I'll be doing it to my car Fiat later this year. Or not, depending on how well my Weber 34ADF performs.
Cheers
Steiny