The air injection system isn't what robbed power - that pump draws less than 1/8hp; what robbed the power was the carburetor calibration, "ported" spark vacuum, and retarded timing with a very slow, conservative centrifugal advance curve. Richening up the jets and metering rods a bit, re-curving the distributor, and connecting the vacuum advance to full manifold vacuum will wake it right up.
The holes in the exhaust manifolds that accept the tube nuts on the A.I.R. air manifolds are threaded for 1/4" NPT fittiings; either 1/4" NPT pipe plugs or 1/2"-20 allen head plugs will work fine to plug the holes after you remove the air manifold tubes.