Your '76 should be one of the more "fume free" Broncos out there. Was some or all of the original smog stuff removed? Or could you have a leak somewhere?
Nothing wrong with any of the above scenarios really. Kind of comes down to personal preference. The only two reasons I can think of where you would not want to use something like the Command Center (or one of the similar products from another manufacturer) are cost and real-estate.
Not a lot of room under some Bronco hoods. I suppose along with room, you could add aesthetics. I kind of like the high-tech look of these things, but some won't want all that non-stock stuff so visible.
But functionally, it should work excellent unless you already have an overheating problem and live at high altitude or in the desert. But when it comes right down to it, we haven't really played with these things long enough yet to find if there are any weaknesses or not. They could be perfect in every circumstance. Or not...
It is
almost plug-n-play, which is it's selling point. Keeps you from having to plumb a return line, which is intimidating to some. Kind of like wiring. The less you have to do, the better.
And you just re-route your existing fuel pumps output to the new unit, then it's output to the new throttle body. It's still plumbing. Just a little less than a full return line.
I like wiring, and like return lines (even on carburetors), which is why I lean more to an in-tank pump with separate return line.
But because your truck only has one tank to begin with, installing a full return line setup is less work anyway.
So again, kind of up to you.
Are you for sure going to keep your stock tank? Or would this be a good time to upgrade to a larger one? If a new one is in the cards, then getting one with an internal pump and existing return port makes the job just that much simpler.
Kind of makes it near a toss-up, with perhaps some favorable weight to the separate pump and return line. But up to you.
First though, I'd find out where the fuel smell is coming from. Does it happen only after a fill up, or all the time? After driving it a while, or after it's been sitting? Overnight in the garage?
Could be venting issues, could be fuel coming from the carburetor vents and intake if you have an open element air cleaner. Could be a leak in a fuel line that's just not leaking bad enough to leave a puddle (yet). Could be a rusting tank or leaking seal around the sending unit.
Lots of potential things other than what an EFI setup can fix.
Paul