I believe the TM-5 is a Tarantula. In my opinion, that and the
original Torker are obsolete. They will work, but aren't the best for that application.
I'd strongly recommend a good dual plane intake, like the previously mentioned RPM/Air-Gap, or regular RPM if driven in cold weather. LD-340, Weiand Stealth or even the smaller port LD4B would be good options. A good dual plane will provide more HP and torque in the range that the combo will spend most of it's time in. A dual plane will be more responsive and easier to tune, especially with the accelerator pump circuit not having to compensate for a too big plenum area..
I did a lot of track testing between a Weiand Stealth and Holley Strip Dominator on my race car. The Holley came out on top by about maybe a tenth, BUT, I have a
lot more gear, cam, converter, etc. When I launch and the converter flashes to 5,000+, it might dip a hair below that (on a bad-air day) on recovery but stays above that the rest of the run.
You can always experiment with straight or tapered 4-hole spacers and carb tuning.
Here is a dyno comparison of several intakes. But I believe the Torker II was modified and the others weren't. It appears that the carb was rejetted to optimize it for each intake. It does matter. In my test the Stealth liked the deeper plenum side to be jetted a couple of numbers higher than the shallow side (or the shallow side leaner, depending on original jetting)! Don't know if that will work on other dual planes, but you may get a hint from a good plug reading and seeing if there is a color pattern related to which side feeds which cylinder.
The "area under the curve" is important, which roughly is the rpm range that you'll spend the most time in. "Peak" numbers don't always make the best performers.
http://www.hotrod.com/how-to/engine/mopp-0108-dyno-testing-small-block-intakes/