Well, the 2.8 rebuilt distributor supply has pretty much dried up. I bought my rebuilt single port vacuum advance unit from O Reilly's. They found where I bought it in 2017, and it had a lifetime warranty. They put in a request to Cardone to see if they had another one, they didn't. I then told them about the dual port unit and that I could use that if that would not be against their warranty rules. They were working with me to get another distributor, and did a request for the dual port. They are out of them also.
I looked at the 1974 Mustang II units, which are points. On O Reilly's site they already say the single port unit is a give them your unit and they rebuild it and send it back. They have a dual port points unit which does not say this, but these units are about $167.00. And then I would need to buy a pertronix unit to convert it from points, another $108.00.
Option B Use the TFI distributor with a electronic control box shown here.
http://www.daytona-sensors.com/tcs-1--timing-control-system.html
That unit is $190. And then you need a ignition system to go along with it. They are hinting at using a MSD box, not sure if you could use a HEI module or not. So that's $190 + about $300 for a MSD box. I did find the electronic timing control on ebay for $160. With this option you would not have any vacuum advance, but there may be options for that also with a MAP sensor.
Option C Like option B but this programmable timing control has the ignition box with it.
https://www.holley.com/products/ignition/ignition_boxes/street_and_strip/parts/6530 As you can see, this is a little over $500.
Option D I stumbled upon this.
https://www.summitracing.com/parts/dui-68722/make/ford I wonder if they can get it. It says they take an original Ford housing and rebuild it with a new bushing and other components. $265.00 Not bad but I wonder how many cores they have?
Option E. Get my calipers out and measure the bushing in the one I have and try to find or make one. And see if I can get the old one out. That is all it really needs is a new bushing and shims to set the end play of the shaft.
Last option Leave it like it is with the locked timing. I need to do some gas mileage checking. If it gets at least 20 mpg and I have no other problems crop up, why not leave it with the locked timing? It would be funny if it got better fuel mileage like this. I noticed it already seems to run a little cooler on the temp gauge.