For a stock engine, a Brosol (that's a Brazilian Solex) 30-31 is hard to beat. The older orginal German Solex 31 carborators are great (practically the same thing as the Brosol 30-31, and what your '70 bug came with from the factory), but most of them you run across at swap meets have a worn out throttle shaft which will cause it to run a little lean and make it kind'a hard to tune. There's a place in California (RIMCO) that will fix the worn out shaft but if you pick up a new carb at a show for under a hundred bucks, that's probably going to end up being just about as cheap. Any Solex or Brosol 34 is probably going to give you more tuning problems than you care to deal with. The good news is that your engine is supposed to have a Solex 31 . . . well, that's assuming that it's still a single port.
On the oil, ask 100 VW mechanics, you'll probably get at least 25 different answers. Maybe 50. I've seen discussions about oil turn in to all out war on some other forums. I'm with Herb. I use nothing but HD30 in a stock VW air-cooled engine. Here's why . . . the VW air-cooled engine was designed in the 1930s. That was long before multi-grade oils were avalible down at the corner service station. The oil in the crankcase serves TWO purposes. It not only lubricates the internal components, it also COOLS them. We call these things "Air-Cooled" but the truth is, the original design of the flat four engine broke crankshafts right and left. They determined that it was because of heat stress so they added an ingenious oil cooling system . . . and it was all designed around the way oil acts as it gets hot. A single grade oil like HD30 always gets "thinner" as it gets hotter. At 10 degrees, it pours like honey . . . at 110, it pours like water. Because of this, oil pressure will always drop as the oil gets hotter. The cooling system is designed with a spring loaded check valve (two of them in the newer "dual relief" cases) that blocks any oil from circulating through the cooler when the oil pressure is over a certian amount. I don't recall that amount off the top of my head, but lets say it's 35 pounds. OK, as long as the oil is thick enough to hold 35 pounds of pressure, no oil goes through the cooler. This keeps all the interal heat inside the engine while it warms up. At some point, the oil might get so hot that it flows to easily through all the bearings and the oil pressure drops under 35 pounds . . . now a spring pushes the check valve opened and part of the oil is diverted through the oil cooler before going to the bearings. If it cools too much, the oil pressure starts going high again and the pressure will push the check valve back closed and no oil goes through the cooler. OK, if you're still with me (I've confused myself . . . so I've probably confused everyone else too) multi-viscosity oil messes that whole system up. 20W50, for example is the same viscosity as 20W oil at one temp, but at some higher temp, it's like 50W would be at that temp (a lot "thicker" than straight 20W). Around here the best thing to do in my opinion, is run Castrol (Havoline is my second choice) HD30. In an extream heat wave, HD40 might be OK. If the temp is below 10 degrees, let the engine warm up a few minutes before you rev it up, or run HD20 (if you can find it).
Again, there are people who say I'm stupid for running straight weight oil. There are people who say it's stupid to run multi-grades. The main thing is run some type of oil in it, don't over-fill it, don't let it run low, and whatever else you neglect to do, CHANGE IT at least every two months or 2000 miles. Verl Taylor has over 295,000 miles on the bottom end of a 1967 Beetle engine. I ask him once how he did it . . . what's the secret oil he's been using? . . . he said something like "Well, I'm ashamed to admit it, but I've run just about any kind of oil I could get my hands on, but I changed it ever time I got the chance." He told me that he thinks he may have even let it run over 1500 miles with an oil change once or twice. The last person to tighen the case half bolts on that engine was a German factory worker in 1967 (maybe even in 66) . . . that's a pretty good argument for changing you oil regardless of what brand or grade you use.