Ignition for 360 magnum

For an electronic Ignition System, you need four parts;

1) a distributor with both a mechanical and a vacuum advance system
2) A signal generator
3) an amplifier
4) a coil

The signal generator comes in several forms, and is just a switching device.
The amp is a device used to receive the tiny signal from the generator,and convert it into a form that the coil can use.
Some signal generators come with their own amp.
The coil usually requires a ballast resistor while running, and should be bypassed during cranking.

Instead of a signal generator, a points and condenser can be used and then the amp is no longer required.
For a street machine operating at under 5000, a point system is fine. For up to 6000, a dual point system is fine.
The biggest downside to a point system is maintenance.