I can tell you that a 221-2v with a 465 will fit under the XP, Ive got one on a 250-2v which has a higher block, it just fits, so your lower 221 block should be alright.
As to you electronic dizzy, it might not be a direct bolt in as the 221 oil plump i think has a smaller hex drive, however Im sure theres somebody who can do this.
A7M