I'll throw my 2pence worth. I frequent sporadically/used to frequent a kit car forum (in UK you can build your own car, either by buying a manufactured chassis or weld up your own from steel tube; mostly these are Lotus 7 lookalikes) and those cars predominantly use Ford engines: crossflow/pinto/zetec. (may have different names in US).
For performance twin choke carbs are fitted, namely Weber or Delorto but those are expensive to buy, to get running properly need tuning on rolling road else it's a best guess as to what jets are needed, usually by copying from a similar engine set up. Also carbs are fixed in their set up so many owners have fitted megasquirt with motorcycle throttle bodies, giving more power.
I've looked into this a bit and GSXR 750 K2 and 1000 K2 throttle bodies are separate so can be split into two pairs for a V4, they supply fuel to bikes rated at 145 and 199 bhp, more than enough.
It makes no sense trying to fit injectors to carbs when throttle bodies can be used - I don't know outer diameter of the TBs nor that of Vmax carbs but if the original inlet rubbers cannot be used due to being wrong size, it wouldn't be a major feat to make some sort of adapter. On the car engines, tubes are welded to a plate to bolt on the cylinder head with silicone hoses connecting the TBs.
The ignition is already sorted by the existing unit and megasquirt is more then enough to deal with the fuel injection; the source code for the software is avaiable so can be modified for uneven spark. Throttle position sensor is fitted to the TB, a high pressure fuel pump is required, vacuum sensor would need to be relocted and ideally an oxygen sensor in the exhaust to allow self-tuning.
re:
Fuel injecting this engine is going to be difficult - but possible. Is it worth the effort? The carbs are easy enough to rebuild - how often do they need stripping if the bike isn't left idl?
I'm not convinced that this is anywhere as difficult as some are making out - if I could find a cheap running Vmax engine then I'm tempted to give it a go, it would be an interesting project.
Is it worth it? The problem of blocked jets goes away and no need for swapping jets when the engine is upgraded. From results of those that done the conversion, typically power is up by around 10%.
Carburretors are compromise, fuel injection will beat carbs in all situations whether tuned for power, econpmy, emissions, only downside is the EFI sytem is more complex and needs specialist knowledge/tools to diganose/fix problems and is more expensive than a s/h set of carbs, up to about 3x.