Looks like a nice setup for an A-series engine.
MSD ignition is used by all the muscle car guys, and many racers.
http://www.msdignition.comThe one here (big red box) is not only high-energy, but also multi-spark via CD (capacitance discharge). It can probably work with the standard points distributor, or an electronic distributor, either way.
The coil looks like an "MSD Blaster 3", a high-energy coil. Similar to the 80's Nissan electronic-distributor coils.
The black box is a Crane Cams Fireball XR700 "points replacement" conversion kit, similar to a Pertronix system:
http://www.shopcranecams.com