Thank you all very much for your diverse opinions. Nobody expects everyone to have the same opinion.
First of all, I would like to mention that I am not part of the restomod movement. I chose a classic car, in this case a 72 Mach1, in its original state, because I like driving a car with this historic technology. I don't want to change it fundamentally, because I believe that the overall design and technique best reflects the technical achievements of the engineers of the time. On the other hand, the old technology also needs to come closer to today's habits.
For this, I prefer a well-maintained classic car that still works reliably today with the technology of the time.
I don't need a Coyote engine under the hood, digital instruments in the dashboard or 18" wheels in the wheel arches. Nor do I need a modern chassis or rack-and-pinion steering or an air-ride. My car brakes very reliably even with 4 drum brakes without a brake booster.
In return, I accept the installation of an electronic ignition system like the Pertronix, a home-made exhaust system with manifolds, and soon also aluminum heads. A Holley 4160 is already working reliably under the original air filter box. On the whole, my car will hardly show any change from the classic appearance on the outside, but it should work reliably. My car will spend most of its future automotive life on the back roads of its new home in southern Germany. The roads here are winding and it's more about torque than top speed. I try the 2.75:1 differential first, because it's already on the shelf and doesn't require any additional investment at the moment. 60 mph at less than 2500 rpm is much more pleasant, both for the engine and for my ears.
And if I do have to hit the highway, I just have to control myself and put my right foot less heavily on the gas pedal. At least from today's perspective, this seems feasible.