I seem to recall from an earlier discussion that one of the electronic ignition types (could be Pertronix) can have this problem. Here's some comments I dug up from old Yahoo! posts:
"I have also tried the Pertronics hall effect unit, but found it weak at crank speed and idle."
"I too have tried the Pertronix and found it useless. It was for a 190 SL test engine I use to test carb rebuilds. Returned the Pertronix setup for a refund."
"The Pertronics Hall Effect pick-up is easier to install [than the Crane system, CK], but does not have as nice a spark [specially at starting]. The advantage is you can't see it has been modified as it is hidden in under the distributor cap."
"I have done/used/tested both and find the Hall Effect [Pertronix technology, CK] to lack performance at idle/low rpm (starting). Optical switching [Crane technology, CK] is just cleaner, faster switching and it shows up on a scope. The only advantage I have found in the Pertronix is it can be hidden as there is no switchgear."
and here is someone who is very positive about Pertronix, addressing specifically the higher-RPM range:
"I have been dealing with the points on my 66, they were burning out and causing the car to run poorly. I have been frustrated in dealing with the issue so I called and ordered the Pertronix electronic ignition and installed it last Saturday. WOW what a difference my car has NEVER run this well EVER in the 7 years I have owned it. The installation was all in all the easiest thing I have ever done regarding ignition systems. I removed the hood to make the install easier and pulled the points out and made a <very> minor alteration to the bracket that connects the vacuum advance arm. I replaced the cap rotor and ran the wires. The car fired right up with no problems and I believe I am driving a completely different car. It does not hesitate and pulls right off the line, revs cleaner at high RPM’s and shifts better it is amazing. If you have been bothered by your points I recommend making the swap, it looks stock and works great."
Could it be that the vacuum advance (or, on your car, more likely vacuum retard?) on your car or another part of the distributor is malfunctioning? How are the bearings inside the distributor etc? It may be worthwile to send the distributor to someone like Dan Caron (Dr Benz) to have it tested, if you can't pinpoint the problem.
Cees Klumper in Amsterdam
'69 white 280 SL automatic