Yeah I'll get on the ignition first. Any suggestions?
Here's my recommendation. Let's see what others say.
Stick with the ACDelco HEI distributor. Pull it and make sure the bearing is OK. Put a new module in it because they get tired. Put a new coil in it because they get tired. You can use an Accel coil if you want. New cap and rotor. Again, you can use the Accel ones if you want. Put an AR23 vacuum can on it. (That's assuming the emissions controls are going bye-bye.) They can be hard to find. Here's the cross-reference:
ECHLIN VC1853
AIRTEX 4V1054
CARQUEST 57-7563
WELLS DV1853 <<-- There's one of these on Amazon for $20.
GM 19138053
GM 1973482
ACDelco D1321A
Put NAPA blue or (better) Taylor (74206) spark plug wires on it. Use ACDelco R45TS or Autolite 24 plugs gapped .045".
The Accel cap and rotor is Accel 8122. There are other colors.
The Accel coil is 140013.
That just probably ate up your budget for this round right there.