I have done a lot of reading on the manifold vs ported vacuum debate for distributors, and while it seems like a convincing argument that you should switch to manifold vacuum, our distributors are NOT tuned to be run on manifold vacuum. The problem is that the vacuum advance will advance the timing by around 24 degrees at full vacuum (idling). Add this to the base timing, and you are running around 32 degrees at idle, which is way too much.
What true ported vacuum does (not venturi vacuum, but ported) is eliminate vacuum at closed throttle, but once the throttle starts to open up, vacuum shoots up, and started to behave like manifold vacuum.
Here is a diagram from the TSM that shows how manifold, ported, and adjusted vacuum behaves:
If you want to run manifold vacuum on your car, the best way would probably be to switch to an HEI dizzy, limit it to about 10-12 degrees vacuum advance and increase the amount of centrifugal advance to an amount about what we have with our stock dizzies.