The Revnator uses a more complex triggering strategy than the typical ECU.
There's a summary of the patent in this post at moparts.
Just got the revenator, have a question
Better? That depends on the situation. If you're distributor already has the advance setup to account for the electronics slew, then maybe not.
FBO's unit may have changed over the years, but here's one disection.
Inside a FBO control box