Ignition Upgrade

I agree with everything above. It is pretty hard to beat a factory style electronic distributor in every way, with the mods mentioned above. If you dont want to spend money on the advance limit plate you can just weld up the advance slots and file them to length, if you search advance slot length in fabo you will find the different dimensions for different amounts of mechanical advance. You basically want less mechanical advance which allows you to run more initial timing.

As a side note, make sure that your vacuum advance diaphragm isn't ruptured (suck on it, if it acts like a straw with the end open it is ruptured), and despite what some will say make sure that the advance diaphragm is hooked up, preferably to ported not manifold vacuum. Vacuum advance helps fuel economy and promotes better combustion which lengthens the life of your rings and cylinder walls.
I agree with your post except on the limiter disc. If you cant spend a paltry $25 shipped for a nice timing advance disc like FBO offers, then what else are you cheapening up on. This is a lot better, and faster than welding and filing slots on the timer assembly. Whats your time worth. Personally i would prefer to NOT weld up and file out the slots. Then every time you want to change it, you have to weld and file. No thanks. I got better things to do with my time.