Welcome to the world of the KA.
Depending on how far you want to take your project, performance-wise, your going to need to be rebuilding the bottom end, o-ringing the block or buying a cometic head gasket, as well as some good fuel injectors (I run 72lbers) and most definately stand alone, personally I use the LinkPlus Engine Management System, (
http://www.link-electro-usa.com) to run my engine. Good luck with your project.
Rick