Also you need a differnt prom card for the 350, and possibly a different ECM for that year. I am planning on doing the same thing w/ my 1986 camaro, and I've done some research and my ECM works for both the 305 and 350, but the prom card needs to be changed for the 350, so idk if both need to be changed but you should look into that.
Heres a website that learned a lot at. Im pretty sure that you only need to change the prom card as far as the computer stuff goes but definantly look at this web site it was very helpful to me!
http://tpiparts.net/305_tpi_to_350_tpi_conversion