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My understanding of vacuum advance is that is really an economy device
No way! It helps part-throttle performance. Why would you want to run with retarded timing? You want as much timing as possible without pinging. Vacuum advance doesn't work at idle, so it won't make the car hard to start.
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... and has little effect on performance (when there is no vacuum).
When there is no vacuum means full wide-open throttle. True, extra advance is not needed in this condition. If you drive mostly at WOT (like a drag racing car for example), you won't benefit from vacuum advance. In this case, make you setup simpler and disconnect the vacuum advance.
For a turbo car, if you ever drive with no boost (low rpms, whatever), it might still be beneficial. But using a combo advance/retard module is probably better than disconnecting it.