After a very frusterating demo derby at the fair with a car that would not start, I vowed - Never again and decided to do some upgrades to help insure this will not happen again. I was able to get my hands on an Edelbrock 1407 carbureator and a replacement distributor. Adding these parts, along with some other work will completely replace the entire electrical system on the car.
Overall, it was a success. After changing all of these parts the car runs great and the electrical system is simple and easy to diagnose problems should they arise.