Your desire for "full potential on demand" is why I suggested a 750 with mechanical secondary. This won't be the best carb for mileage. You will need to regulate your "foot" to get good mileage.
My Demon has 3:55 rear and a close ratio 4-speed with 26" tall tires. With proper jetting, I do not believe a 750 cfm is too "large". But again, your mileage will suffer. By the way my 408 has a 950 cfm Holley and it's a "street" car. But I'm not concerned about mileage or choke.
I also run the FBO ignition box, so that’s more than adequate for your combo. Based on all the above I suggest you send your distributor and your complete set of specs (engine, gears, rear tire size, chassis and car weight) and your type of driving to Don Gould at FBO. Have Don re-curve your distributor and build you a Demon carb. Then you can tap into Don’s knowledge to fine tune your combo. In the long run this will save you money.