Ok so there is no reason I get a new carb correct? Does upping the cfm increase power or would it just be too much?
If your engine is stock, with the stock manifold, you do not need, nore does your engine have the ability to use any more. If you are experiencing power issues, you are better off making sure the carb is working correctly, and you have a mechanically sound engine, I.e; good compression, good tune up, clean filters...and then make a plan based on that. a 305 was only rated at 155-160 from the factory in the first place.
If you have a vacuum gauge, you can tune that carb for optimum performance, unless it needs an overhaul. I would recommend staying with the q-jet...its the best you can get.
Even if you were to install a high flow top end like heads, cam, manifold, I would still stay with the q-jet.