I agree with you 100% Ed.I know this from first hand experience.it's an all or nothing proposition - if you take one thing out that will then feed erronious info to the computer which will then adjust everything on the computer to the wrong setting.
the good news is your car will run fine without the computer and everything it manipulates. you'll need to rewire the cruise control and the torque converter lockup when you're done, but they aren't difficult. you'll need a different dizzy and non-computer carb. may as well get an intake manifold w/o egr, too.
yeah, you can spend a few bucks to take it out - or a few buck to replace whatever it is you might need to replace on your current set up. you probably will not get as good gas mileage w/o the ecm in line.