It sounds like the choke is not doing anything at all. Manual choke kit is one option.
Seeing as you are missing the other two holes for the carb, there is your excuse to get a 4bbl battleship and a 'Q' jet.While you got the battleship off, you might as well get a set of 202 heads for it. They along with the 4bbl will wake up that old 305. IF you do that, then a set of headers with dual straight pipes (if straight pipes are not an option, then cherry bombs will make you barely legal) and off you go.
It all depends on how much you want to spend on a 42 year old truck.