Points vs HEI wonít make a real difference,....Google this hot rod article.....ignition vs points shootout,...you can read all that and everybody tells you how one system is better than the other.....
But just look at the Dyno sheet....they are all so close it does not matter. At 5200 RPM where torque and HO cross....points beats the HEI and Performance HEI by 3 ft lbs of torque.
The dyno donít lie. With the module you donít have to set the Dwell occasionally, like every 15,000 miles. But the modules can quit on you. But I have seen many guys run them for years on end no problem. They are all OK, just stay away from the cheapest junk.
I have taken these condensers apart and the y are a couple of rolls of tinfoil paper. And they fail, so if you stay with points you may want to order a condenser from the Distributor Doctor in England. For all the British classics those old condensers were failing, so he had a manufacturer make some like the originals with 3 feet of copper windings inside.
I have put them right in a Pontiac distributor,...I even sent one to Lars and he told me he is running it in his corvette. It is just supposed to dampen the surge from the coil, and the windings would seem to be able to do that better. I donít have any empirical evidence for this,mao if you try it you will just have to see. It is not originally made for a Pontiac or GM distributor.
I sometimes use points, now am using a petronix module and it does good. Points feel good too they drive real snappy.
The Distributor Doctor in England has a web page and sells those condensers for about $16 bucks. You might want to try that if you stay with points, open up one of those $10 condensers and you will see what I mean, and a bad condenser can break you down.
That said many last for years......Just donít get stuff cause it is going to make your car faster, it wonít and modules have zero to do with timing.
I canít tell you how many guys think if they put a Petronix module in that takes care of timing..