Yes, it could run it, but it would be more trouble than it's worth.
Look at the ignition options for 4AGEs running carbs (you'd be in the same boat for ignition) and you'll soon see that they are either: expensive and good, cheap and nasty, or the result of years of backyard tinkering. Even if you did it "properly" you'd end up with a fuel computer and a seperate ignition computer. Not a good plan.
If you do it, do it properly and get a computer that does fuel and ignition, wasn't produced in the dark ages (requiring serial ports and a DOS laptop to adjust), is still supported, has good software and that people can tune.