Paul,
I hope I don't come across like I hate Vacuum advance, but the only thing you really gain from running it is a little bit of fuel economy at cruise. Other than that on one of these cars it doesn't really make since, it really doesn't. If you run it you usually have too much advance at idle and when you tip into the throttle if it's not enough throttle the vacuum won't drop then you end up with spark knock. So it doesn't make since at idle really, so the next thing is part throttle cruising to gain fuel economy and that usually isn't enough gain on this type of car to warrant the hassle.
The best setup for race/street car is to set your initial advance for what you need at idle then setup your springs (Centrifical Advance) to give you a good quick advance curve. Personally I like to have it all in by 3000 to 3500 rpm if the engine will take it with out pre-ignition or spark knock.
If it wasn't a race car, but a car like an old Galaxie or something I would say maybe go ahead and mess with it, but for this type of application it just doesn't make since.
Good luck with what ever you decide to do.