One of these days (the starting phrase for subsequent BS to follow) I am going to try a Hilborn/Kinsler direct injection system and use an electronically proportional pressure relief valve along with a high performance electric fuel pump and see if I could come up with a somewhat crude electronically controlled constant flow injection. As jacksoni said, once the engine is at high rpm (which is where the hp is anyhow) an EFI system is almost the same as a constant flow system. When you change the main jet or the high speed jet on a constant flow system all you are doing is changing the system pressure that is being supplied to the nozzles. More pressure= more fuel to the engine. With an electronically controlled proportional pressure control valve a O2 sensor and some dyno time I would think it would be fairly straight forward to graph a fuel pressure vs rpm vs air fuel ratio (lambda) that would be pretty good in the higher rpm and hp ranges. Not something I would use for a street car as I would think that at low rpm it would be difficult to make the the system work well at the low pressures that may be required, but I am only thinking about racing applications. . Obviously all kinds of electronics can be added to automatically compensate for air temp, altitude, engine temp etc but then you just as well have started with an electronic system anyway! I am only thinking of something for guys, like me, whose favorite tools and a 14 inch crescent wrench and a 3-1/2 lb ball peen hammer!, that can understand and it would give you adjustability without having to be changing return jets, bypass springs etc.
Now it only requires some time (being retires helps in that area) and some cash (being retired doesn't help in that area!).
Rex