a new single wire o2 is very inexpensive
It uses a heated three wire sensor. Well, thought about it some more and decided I'll give it another shot. In a way it does work, even though it's probably running in open loop mode at the moment. I have an old 486 laptop somewhere that might be frugal enough to run of a dc-ac converter. Pretty sure I could use either the MS-DOS version or maybe Win 3.11.
I did buy a much improved aftermarket software package though (again a surprisingly substantial investment) but that needs Win 98 as a minimum requirement.
Could buy an old Toughbook (~ 150 $) but if you add a new O2 sensor that's 50% of what a perfectly serviceable Edelbrock carb would cost me (selling everything on ebay would probably pay for one!).
I'll fix the exhaust first and see how it goes.