may not be cheap enough Mark, but the Magnetronic system from Lumenition is very neat and effective, trigger module replaces points and a trigger disc fits under the rotor arm, no external control boxes.. need to check if they are available for V8 distributor.. ? i'm not sure.
http://www.demon-tweeks.co.uk/catalo...&action=detail
as always, demon thiefs isn't the cheapest place

should get the kit for £65+vat or thereabouts..
or try Aldon Ignitor - similar arrangement with V8 application
http://www.aldonauto.co.uk/aprods.htm
http://www.demon-tweeks.co.uk/catalo...PCODE=A/A1847V