I have a Holley 2300, 350 cfm carb which is a 2 barrel on my 2.8. I am told by the local speed shops that it will support up to a 350 ci. engine and my carb is used in flat track racing.
I believe 2 - 390's would be overkill for the 305 (I've had a 305 Trans Am)
It seems to me that you need to be looking for a couple of smaller 2 barrel carbs vs. two 4 barrels.
The old six pack setups used to use 3 - 2 barrels and they went like stink.
You might want to look at Weber. They have done alot with multiple carb manifolds and have some pretty wicked small bore carbs for racing purposes.
That's my 0.02c
Arn