No real need for overpriced MSD stuff; You can get a programmable ignition box for under $200 ( "Black Box" @ CB-Performance).
CB Performance Black Box Programmable Timing Control Module
The stall convertor currently in the 518-transmission is a late '60s stock 727 unit as found in C-bodies.
A believe 1" larger in diameter than the much newer convertors used in the '90/'00 OD-transmissions, so, besides being heavier, it's probably having more resistance/drag inside too.
I've had a smaller OD+Lockup trans and convertor in the car for a short time once and noticed the engine seemed to rev noticably quicker and wasmuch happier. I'm currently rebuilding that transmission and hope the install it again soon.