I'm with you there, though if the distributer is worn, then replacing the points with a magnetic or optical setup must reduce the effect of that wear by a useful degree..
You're trying to talk me back into the EDIS based system again aren't you? Well I'm not listening! In case you didn't read the link, it uses a trigger wheel on the camshaft pulley, a lambda sensor screwed into the inlet manifold, Ford coil pack and EDIS module to distribute the spark and a mappable control unit programmable from a laptop to tell it when. Not really one for the purists!