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I have two Pertronix units, a II in my Belvedere and a III in my GTX. The II is around 9 years old. The III is 7 years old. No issues from either of them. I wouldn't go back to points.
440 .040" over, stock stroke. 10.2:1 Using a stock distributor with Pertronix III, welded up my advance plates to get my advance.
21° initial
37° total
All in around 1500 rpms
Runs great on 88 pure gas.
Corroseal is a fine water based rust converter. Load it up in a cheap pressurized sprayer and get it into the nooks and crannies. Once cured it turns black.
I've used it on parts on my cars, exterior bumper brackets, frame rails, etc and it has held up fine.
I used Wanda base/SPI clear. It's good paint. AkzoNobel is the parent company. They also make single stage in U-Tech which I used for ermine white on my 62. Holds up very well.