Yes, go with a professionally rebuilt and tuned Q-Jet for your setup. It will give you great reliability, mileage, and good performance without the constant tinkering(when it's set right!).
The W-30 cam has long duration and a lift profile meant for a manual transmission, big gears, and good flowing heads with big valves. Using that cam will make the motor sound great, but you'll get soooooo much more power if you put some money into getting larger valves, matching valve springs, upgraded rockers, some bowl and runner work done, and port matching. Find someone that knows how to modify the Olds heads properly....they are not the typical Chevy heads.
If you don't want to get into the head work, get the Edelbrock Performer cam that matches the intake, and upgrade the valvetrain. It won't sound as aggressive as the W-30 cam, but it will totally outperform it!