Thanks Ron, excellent write up!
I will try using the stock distributor (I think the pickup is called a RA or reluctance something or other) I have a spare as well to fidle with other then the one on the car. I will disable the advance mechinism like Keith intructs. Not sure if I'll use an MSD or some other signal amp/controller. I'll let everyone know. Does the 260 have electronic ignition? I thought it was still points.