If you change cap, rotor, wires, plugs and cables and maybe the vacuum canister if it is bad, there is not more to replace when servicing. Afaik control module and coil are either working or not. They dont get worn like the cables and such. When you are doing a check to be sure the engine is running properly, check the front vacuum can on the carb. See if it engages when the engine starts up. If it doesnt you need a new one. Get a new one from cliffshighperformance.com or from quadrajetparts.com.
Regarding timing: it is supposed to be 18 degrees initial from the factory, and you can bump it up a few more with out hitting detonation, when running stock vacuumadvance canister.
beeing at 0 degrees kills any car that is not computer controlled :-) Get it up to 18-20 degrees and get ready to buy new tires sooner :-)
Nice car, do you have pictures?