I assumed you've already checked out all your vacuum lines, timing, etc.?? As others' suggested, if you haven't checked to see if the distributor canister can still pull some advance (i.e., diaphragm doesn't leak) and your base timing is spot on as well as the mechanical advance weights are good, then go with it.
If your timing is retarded and/or vacuum/mech advance isn't working, I think you'd notice that at highway speeds. Good to check anyway to rule it out. The other part of this equation is...….does it still have the original timing chain in it? Just wondering. Those plastic teeth on the cam gear may not have given way yet, but they will. And your cam would be retarded as hell.
Pure speculation.