From my own experience learning and teaching myself how to time MY engine (71 M code) using a (modified to a 10L slot) Autolite distributor, P II and coil, 8mm spiral wound wire set, Autolite 24 plugs (book calls for 25's in a stock 351C) gap set at .045", it pulls like a train.
I agree with 71ProjectJunk, a properly set up and curved stock distributor should be all most will ever need unless you're into racing of some sort or just want something that looks "pretty". The problem I think, is 90% of stock distributors were and still are, set up for 1971-73 requirements and many of us these days are way beyond that now. Most basic initial timing settings were about 6 degrees for 351's, except the Boss 351, which was 16 degrees initial. That is pretty much were we are all now aiming for, so a stock dizzy set for 6 degrees (15L slot),i.e. 36 degrees total mechanical, will never give good timing if the initial timing is set higher, no matter what the plug gap is. It all has to work together.
That's my thoughts on it anyway, but then I'm no expert either.