Concerning the Sw.boxes, I really don't know how to tell which ones have the limiter. I think it is safe to assume the boxes marked 6-cyl do not (at least when used on a 4-cyl.) and these were used on the 454 I/O's too - all the same part number. I agree with Sam that the CDI is an overall better unit and its packaging is better (Sw.Box & coil on same plate). Their power output is better, that's the key. Pretty good price and I think they give APBA members a discount.
Question to Sam: Are you using CDI's trigger or a Merc trigger in the distributor? The job of the Sw. box is to fully charge the coil before it needs to discharge to fire a cylinder. If the RPM's get too high the coil may not get fully charged and the spark falls off. Also, if the optical trigger fades (with age or grime) it will actually change the dwell time as it triggers the switchbox late. I don't think that is why you're seeing certain Merc boxes fade away. Don't know why.
I wouldn't mix and match coils with switchboxes. The switchbox and coil are engineered to work together. CDI has the advantage of a newer electrical design and better magnetics for use in the coil. The CD units fire hot a 0 RPM and thus help starting a lot. I personally like the Oddesy batteries as they pack a punch given their weight / size and hold a charge while not in use. Worth the money!!!
BTW these are a Type III not IV system, my mistake.
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