Both are FFs, its really tough for me to say who I would pick with or without hindsight. Perhaps without hindsight, in 1976, I would have picked Carter, even though Ford was my kind of Republican. But with hindsight, maybe Ford, because as it was said above, maybe that would mean no President Reagan.
Yes. If Ford is elected in 1976, it either:
A) Means the moderate faction of the GOP stays intact and the conservative rise is delayed a few years and a moderate Republican (perhaps Bush) is to succeed Ford in 1980.
or
B) Means a Liberal Democrat, or at worst a centrist Democrat (but more to the left than Carter) wins in 1980 due to Republican fatigue
Either way, likely no Reagan in 1980. A Ford victory doesn't give him the ability to say "see, moderate Republicanism is a dead-end street."