President Gerald Ford (R-MI) / Senator Bob Dole (R-KS) ✓
Fmr. Governor Jimmy Carter (D-GA) / Governor George Wallace (D-AL)
A chance for moralizing Democrats to sweep the nation after Watergate is thrown away. That's not to say voters didn't have an appetite for right-wing politics at that point- see the Reagan Era- but Wallace had too strong and negative an image to dogwhistle without being obvious. Also, poor regional balance at a point when reviving the New Deal Coalition was crucial to any Democrat victory.
That said, more moderate outsider Carter still tops the ticket at the end of the day, and Wallace was surprisingly popular with the northern white working class in all his previous presidential/primary runs. It's closer than some might expect.