Dont see why you cant put old style weights and pointsor weights and a dyna or simmilar ign...sounds like the module or the pickup is shitting out to me.
What Doc said about the Dyna-S is right on....Advance weights and a Vulcan, or Dyna S. Both are cheap, reliable and make good fire.
Hey, you also might have shit coils, if those haven't been replaced in 30 years...
Even after thirty years?Those stock E igniotions are usually pretty
troublefree.
You can put points with the advance weights in it. But I really doubt it'll solve your problem. Have you checked the simple crap like gas cap venting, fuel petcock/filter partially plugged, float bowl set right, etc. Those stock E igniotions are usually pretty
troublefree. Have you put a timing light on it?