@ John,
I agree with you that there should be no difference between a properly working mechanical distributor and a 123. I have two rebuild 051's that I believe are working as good as they can. The other components however, points particularly, are not manufactured to the quality they used to be. I drive my 108 quiet a bit,5-6K per year. After I installed all new components (051) first, the car ran good for about 3-4K. After that I noticed occasional cut outs at idle and once in a while it would stall at a light. I re-adjusted (points) and checked everything again and I would be fine for a while. Not thinking that it necessary was the ignition, I went through the fuel system, linkage adjustment…...
Not really understanding what is causing the problem and why it is coming back, I bit the bullet and installed a 123. The car instantly ran better, great consistent idle, starting....Now in the car for 2k and not a single issue. (Fingers crossed.)
That's where I am coming from.
@Stick
I believe the issue is not advance versus retard. Its about the (faulty or broken)elimination of the electronics of the late US 280's with emission control. These have a different trottle body that either needs to be modified or replaced