Pertronix with the rev limiter looks like where I'm going . I like the built in rev limiter since its a four speed and my kid will be driving it
A rev-limiter is always a good plan.
Another good plan is a decent shifter, with no-flex rods, and
securing the levers to the forks,and setting adequate plate departure at the PP.
And still another, is decent valve spring pressure. I mean just cuz the cam makes peak power at whatever rpm, doesn't mean it's time to shift there. In fact with the 2.66 low box, the splits are about 72%, so the quick way down the track will probable take about 600 to 800 more rpm, than where the power peaks . Short shift and you lose time. Miss a shift and go hide. Can't get the pedal down fast enough? hmmm, something's wrong. If your son is anything like mine was,he will push the boundaries,so try to get it set right, right from day 1,lol.
Oh yeah if the plus 600/800 takes you deep into the6000s, You better have adequate and good oil in it. I spun rod bearings on two separate engines/occasions. Both times on the driver's side. IIRC they were #3 and #1. Both times it was traceable to low oil level. On engine #3,among other things, I put a deep pan, lol.
All the best to you and yours