For a moderate horse cruizer, the stock components in the bottom end will do just fine. As for the dual point, used to go fast running them, if you have it and it's in good shape might as well use it! Can always update it some other time.

I see the heads are from a '71....might be a good head, at least they would be pre-smog. However, it doesn't take a lot of work to wrap up a bunch of money in a low performance head, IMO the AFR's are an excellent choice! Should you decide at a later date to upgrade the performance you'll already have the good heads. Heads and cam are so important to getting good performance from any engine.

Comp is a good cam company, before you choose a cam I would suggest downloading their Cam Quest 6 program (freebie), then input the rest of the data from your car and see what comes up on for a cam choice. When in doubt, call one of the Comp Techs and talk over the choice with him. To get the most for you money, selecting a cam based on it's performance rather then any sort of poser value is critical....