well being a single wheel drive, you got some risks, with a torque converter, you might get too much acceleration, and you might go into a wheelie, thus the front wheels are no longer on the ground, your kart *may* spin around very violently on the spot. but that depends on weight distribution.
other than that, a torque converter is always better than a centrifugal clutch, if you have the money to buy it and some room to install it.
centrifugal clutches always have a sprocket (or a pulley)