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On the 226 I am running the stock distributor with a Pertronix kit. It is still full vacuum advance (Load-a-matic) but runs great even with two carbs. All the experts say it should not work but it has for years, good acceleration, 20 mpg on the highway. They all said if it works, leave it alone.
On the 254 I used a Mallory dual point off a 230/250 Chevy six. The mounting hub is the same diameter and I spliced the Flat 6 lower shaft.