Yup.. 1972 (I'm 90% sure thats the right year) to the FI motors all had the cam timing pulled back 7 degrees. That helped emissions but kills low end power. Putting a "straight up" timing set which is what is in the 1971 gets you back the low end power.
Another mod I read about after I built ours is the speed hump thingy in the stock heads. They added this little hump in the exhaust port for emissions which from what I read should be pulled out to help the heads flow.
Which intake are you going with? Edelbrock Performer, Victor Jr? etc? From everything I "read", the stock intake was actually the best for low end power. Just about every aftermarket intake hurt low end power, some kept it at stock. Since I wanted low end power I stayed with stock. Heck, I even have a low stall converter in the van to keep down the heat in the trans. The Vans primary job is a tow rig, so I built it that way (smallish carb too).
If I were to do it all over again, 0 decking, pulling the speed hump from the exhaust port and getting rid of the waterpump bypass to intake hose are the only things I would do differently.
Oh yea.. If you can, get your distributor recurved for your application. Its a couple hundred $$ to get it done but you can get the curve set for your use. In our case, we are going to have the timing come in earlier but cut back on the total advance. There is a site out there "on the net" that even shows you how to recurve a duraspark distributor.
~Mark