You should still need an ecm for several sensors on the motor and cooling system. I dont know how in depth the ecm was for an 87 and what it all controlled as vehicle computers were only starting to become more prevalent, but todays ecms are much more powerful and control pretty much everything.
Nope. It does not come into play on an aftermarket carb set up like this. Those sensors set Fuel/air and timing on a TBI set up.
Even the ECM controlled carb engines have no need after the ECM controlled components are stripped away. 85 Monti Carlo SS had the ECM quadrajet on it. When we pulled that turd out and inserted a very nice 355 in its place all of the ECM and wiring harnesses were removed. Same thing on our 88 Chev. truck when the engine went south in it. Re-built a 350 with a carb and out with the turd and in with the new. No ECM. WE had to do the trans as well to eliminate that issue. All analog all the time. That truck is still rolling last I heard...