I put mine Crane kit in about 2 years ago and no problems so far. While having a spare set of points, condenser, and ballast resistor would be a good idea I doubt you will need them. The best things about this system in my opinion are: 1) You don't need to set the timing unless the time chain stretches (bigger problem) and 2) it is relatively immune to shaft wobble so even an old tired distributor will work well. This can make a very big difference in obtaining a smooth idle and you get relatively miss-free operation. It will also help at the high end because the optical system will never bounce.
On the drive down to V@V I got 27mpg. I credit by carb tuning for some of the performance but I give most credit to the Crane system. So, enojy your unit and may you never have to dwell on you dwell again!
On a related note, has anyone here implemented an MSD ignition? Know of any MSD systems that could be used with the Crane kit?
Also, the crane system supports both vacuum and centrifugal advance in the stock distributor. I recall the it used to be possible to buy Bosch spring kits to diddle with the advance curve. Anyone here ave any experience in improving the advance curve?