An LS is superior to a Pontiac or Olds motor in pretty much every single metric: lighter, supports more horsepower, better tech (standard roller cam/lifters/rockers), smoother driving characteristics... we all know that. I don't look at LS motors for their EFI advantage, since you can do the same now to a Pontiac or Olds motor.
But it ain't original. LOL
You can get a Pontiac motor to effectively become a modern motor with currently offered EFI solutions (even multiport such as the Edelbrock Pro-Flo) and serpentine belt systems, which is what I plan on doing. I'll throw all the darn modern tech I want on my Poncho motor: aluminum heads, multiport EFI, overdrive Tremec trans, serpentine belt system, electric fans, high ouput alternator... doesn't matter to me, my only requirement is that I see that "PWH" engraved into the corporate blue block.
I'm 34 years old, so I am in the agegroup that supports restomods on old cars. They're really in style right now. To me, these cars just look awesome with a dropped Pro-touring stance and 18" *PERIOD CORRECT* wheels. If you're going that far, may as well modernize it in other ways, too. I got big plans for my '79, but that won't be for quite a few down the road - for now, it's a special enough site on the road as it is in stock form, and I've learned my way around the Quadrajet that crowns its intake. But even then, I'd still rather have quick and easy cold starts, get some power back by using electric fans, smooth and precision calibrated AFR ratios, reduced friction from roller parts (cam/lifters/rockers) internally, and cruise at 70MPH on the interstate under 2K RPM and not having to hear the engine scream at nearly 3K RPM and run hot due to Borg Warner with no overdrive. I'd still never drop an LS into it, though.