Was 1971 electronic ignition? If not, I would strongly consider upgrading. Search "ready-to-run" "HEI" "distributor" "318" on ebay. Cheap and works great.
Any advice for most cost effective way to limit rpm with this setup?
Maybe combine with this unit?
[ame="http://www.amazon.com/dp/B001O28622/ref=wl_it_dp_o_pC_S_ttl?_encoding=UTF8&colid=348VVZX8WOTUK&coliid=I3QLYSVGH3FBTP"]MSD 5520 Street Fire Ignition with Rev Control : Amazon.com : Automotive[/ame]
