I havent used one but I can give you my opinion of an HEI and a lot of distributor experience.
1 - Nice 1 wire package, but HUGE on a Ford up front.
2 - No performance gain over a properly curved ______(fill in the blank) distributor. Good hot spark, good setup, but it wont make any power if the timing curve is the same
3 - Easy to change the curve, like a Chevy (but also like an MSD too)
4 - Easy to buy modules anywhere (but modules are a bit less reliable with a points type voltage regulator....sometimes, depends on your luck)
5 - More difficult to hook up an MSD / rev limiter
If it were me, I'd buy a duraspark, have someone like Faron Rhodes recurve it, then I'd use it to trigger and MSD with Rev control
For similar price you'd have a betetr setup
The other options would be:
1 - Duraspark with duraspark box....near indestructible and cheap (be sure to recurve)
2 - Full MSD setup - Very nice and easy to tweak curve like a Chevy