Your going to want the 454 TBI, the bores and injectors are bigger. The cast iron injector adaptor and 454 TBI were used in early big block applications and bolt right on to a Quadrajet intake.
As far as the Olds goes, I would get a compression check and pull the pan and check main and rod clearances. If it looks clean and the bearings plastigage Ok then put a new timing chain and oil pump in it and run it.
I saw some pictures in your other posts, the dark blue Suburban is a 3/4 ton 8 lug bolt pattern vehicle. If you don't have a 14 bolt full floater rear axle it is a nice upgrade over a semi float 14 bolt especially if you plan on towing a lot.
I'll find some TBI reprogramming info and post it up tomorrow for you.
Harris Performance at TBIchips.com. Has some good suggestions on building different Chevy TBI engines, but his chips have mixed reviews. I think I would start with your stock V8 chip and see how that works. The 454 fuel injector should provide enough fuel and the spark advance curve for the small block should be ok with the olds engine. The rest of the sensors adapted to the Olds engine should make it run pretty well I would think.
I will say this about Brian at TBIchips.com, if you email him with your project explination he is very good at getting back to you.