I was curious about these two replacement carb options so I got both.
Tillotson HS-320A and a supposedly OEM "Walbro wj69" ordered thru farmertek which showed up stamped wj138.  
The tillotson has the cast "smart carb"  snorkel  thing, Walbro has a rubber one.
Manufacturing on the Tilly seemed a bit more refined.
The Tillotson was $59.40
The "Walbro" was $51.49 although now it says $66.04 on the website.
Tilly popped right in and worked.  
On he Walbro the throttle plate had to be re-centered so as to work properly.   I swapped the H and L jet screws with the OEM ones off the old carb as the ones the  FT walbro came with were real short making it hard to tune while running.
I found the Walbro tuned, idled and transitioned to and from WOT a little easier so that's what I'm leaving on for now.