You didnt say if your starting with a points type distributor or something electronic already.
But if I wanted something other than points I would look into getting a pertronics electronic ignition module. It fits into your stock distributor replacing the points and give you a sustantial amount more performance. I think they are in the $80.00 range.
Back when I could not afford anything a Ford duraspark distributor from a junker was always a winner. Always keep a spare box around, they like to get hot and quit. MSD makes a harness to plug into a Duraspark dist.
hope this helps
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