the fact the LB7 has such a "dumb" computer in comparison to the LMM is why id go with it. there are fixes for cups/injectors/etc. The LMM ecm can be more finicky if you get one that just doesnt want to agree with your setup.
I believe the new heads from Edelbrock have integrated cups.
Personally I'd go with an LB7 due to availability, the ECM does what ever its told without resistance, and they are proven to make great power stock bottom end wise with proper tuning/injectors/turbo. Only other option I would go would be LBZ/LMM with LBZ electronics. They have less wiring to worry about (no FICM) and are pretty stout but they also seem to be the most desirable right now.