Valerio,
Yes it is the XR700 Crane model...I have had both this Crane and the Pertronix in my car, a 1969 with the -050 distributor. Both functioned identically in my opinion.
One major difference is in the install: the Pertronix is quite a bit easer to install and requires no modifications; just a small filing of an internal part. The Pertronix has no external box. The Crane is a bit more complex. Both companies have excellent technical support.
I had the Crane for 5 years of flawless operation; however from the git-go it was improperly installed--not the fault of Crane but of the installer. They used an optical wheel too large for the distributor which caused them the remove the pivot pin, thus forever condemning the distributor to Crane. I do not believe they had to do this. The problem with an optical wheel too large is that after 5 years of flawless performance it decided to contact the wires inside and this caused engine dying.
The Pertronix is a much neater installation. I have seen no functional difference between the two. I idle at a smooth 750-800 RPM, and run way up past 5,000 RPM with no issues.
Purists will tell you to stick with points, and what if you get stuck somewhere? To that I say, at about $100 it is cheap insurance to keep a spare Crane or Pertronix in your tool kit the same as you'd have set of points. Once you have the spare of course, you'll never need it.
Michael Salemi
1969 280SL
Signal Red 568G w/Black Leather (Restored)
President, International Stars Section
Mercedes-Benz Club of America