The idea is the teflon coating eliminates the need for extended break in period(s). Though I don't think I'm gonna rush out'n test that theory ...
The earlier manifold doesn't have lugs/bosses for the later shift & carb linkage. Nor does it have vents.
Inspection covers don't have the multiple bosses for mounting rectumfrier, solenoid, etc. And they are unvented as well. The vents are said to improve oil distribution. Also claim to make it idle smoother.
Re Bubble-butt. There's not much to modify other than chopping out the exhaust rail at the bottom of the block. Note you don't absolutely have to do that, but it's posed to be good for at least 5 hp.
Ya the beauty of a "super-fine" pearl disc is it's hard to eff up and take off too much material. I'm not sure it's even possible with that grit. All it does is polish. You can still see the factory tool marks after yer done.
Yo Fuzz. Being '79 & later your stuff should interchange without too many headaches