Those are all the tools you need. A dial back timing light and a vacuum gauge is all you need for an electronic ignition. I like the MP Chrome box or a FBO box. You really don’t need more than that. A lot of guys like the MSD, but for me they always fail. They do help mileage with multi sparks under 3K rpm.
There’s also Daytona ignition for the best top of the line.
As far as initial and etc….. just start with the stock settings and go from there. I find advancing the initial is helpful and limiting the mechanical advance very good to do. Advance springs offer a quicker advance curve. The vacuum advance can also be curved a bit. This is where the MP distributor comes in handy with its adjustable vacuum canister.
Again, start with the stock settings.
Edelbrock, jet and rod kit. Holley? jet kit, IF your carb needs it. Wait until you do the initial tune up.
Extra tools? Flat blade Screwdriver, perhaps those star key drivers for the Edebrock carbs. T10, T15, etc…. Extra vacuum caps????