What can I do that's cheap?

You need to be able to limit total timing somehow. This is where the Mallory distributor comes in. You will want somewhere around 20 initial and 34-36 total. My Ford truck, for example. It has a 351M engine. They have notoriously low compression. I have it at 24 initial and 34 total. It's actually very snappy for a 351M. They are usually dogs.

Can't you take the dizzy out and weld up the advance slot then file it accordingly to limit travel?