390 I think is the smallest two barrel Holley made. Even it's too big for our motor, but being used in a blower application like it is usually it does fine since a blower motors volumetric efficiency is way higher.
I ran the calculator for my 1540 and it said it only needed 270 CFM.
I think a 390 on a normally aspirated 1200 would be kinda tough to make work as well as the stock carbs.