Replacing hoses and ignition

Getting ready to reinstall engine after completion of stringer work.
Running a Chrysler 318 (1968 model)...do you recommend a particular distributor and coil using today's technology?
Many thanks.
Terry

Full stringer completed. Getting ready to smooth out the bilge, prime, and coat. Replaced one of the deck sections with new marine plywood (cut out...install later).
The reason I inquired about the distributor (which is operational) is whether or not to install one of the new electronic models. Not being a mechanic, my concern is: can you make it too hot? i.e., incorrect distributor and coil.
I'm wanting to maintain simplicity yet fully functional.

Terry,
Unless other performance modifications are done to the engine, you won't gain anything with changing the ignition system. I suggest keeping the original.

With the water pump (circulation pump) and fuel pump being an easy change with the engine in the boat, you could drop it in and see how it runs first. Also, if you have the engine on some kind of cradle out of the boat, you can crank it up now and see how it runs. Was it running before you pulled it out?

With the RWP, (raw water pump), how old are the impellers? If more than several years or unknown, putting in new impellers (it's a dual cavity IE: two impellers) is a good idea.
Here's a good source for impellers especially because they list the serial numbers and years of the 318 engines.