If you can't get it repaired I'd be looking at something like this........
http://trigger-wheels.com/store/cont...49_mj_bmw.html
(scroll down once you get the website...)
Since you have carbs, you only need a spark ECU then the second M20 kit listed should be petty close to what you need and this ECU is mappable.
I've not used this company but they seem to have a very comprehensive list of applications.
This looks like an interesting upgrade project - good luck!
...peter