chrispy- If you do away with the dist. how are you planning on driving the
oil pump? The dist. is not the weak link in this chain, the
oil pump is. That's why the dist. moves about a bit giving loose timing, wears out dist. gears esp. with roller cams, robs engine power driving the pump, and even other problems such as
oil starvation issues.
Nascar guys still run MSD distributors the last I heard, so thats not the weak link. Given costs and options I would much rather focus in on oil control over hot rod ignitions esp. on Cobras, or on any car that gets thrashed about for that matter. For example a dry sump system will cost you about as much as tuning a aftermarket fuel injection system, but the benifits of a dry sump will far and away outweight any benifits you get from ANY ignition system in power gains alone, and that includes fuel injection too, contrary to popular myth. It's your dime,,,,,,,,,,,,,
cobrashock