I’ll suggest using the smaller hole for the throttle linkage hookup. The larger hole can be left blank or use it to locate the throttle return spring.
For those of you still looking at carbs, the Holley L1848-1 at 465cfm is a good all around 4V carb on a mild Y and is essentially a bolt on. This is the replacement carb for the 1957 Thunderbirds and doesn’t require any modifications to the intake manifold if bolting it down without a spacer. It’s available new from Summit and Jegs or other places that stock Holley carbs. Just shop around for the best price.