Sorry, but this really doesn't fix the Load-o-matic problem of being a poor performance distributor. That mod gets ported vacuum to the distributor, but the complete advance operation is still flawed in a couple of ways, even though the engine will run acceptably.
First, with manifold vacuum, at idle the distributor will be delivering full maximum advance. At 3000rpm that needs to be about 32-34 degrees BTDC, but when you drop back to idle speed that advance is still there. The engine will likely not idle well with 30+degrees of ignition advance.
So, if you pull the timing back to a point where the engine is idling nicely, around 20-22 degrees, your timing is now 10-12 degrees retarded at higher speeds because at cruise or light throttle you won't have the same full vacuum you had at idle. Even is the idle works out and you can run that much advance at idle speeds, you still run short of advance at higher speeds because the manifold vacuum will not be as high as the original venturi vacuum would have been.
Compounding that, if you set the idle to that amount of advance, the first thing that happens when you tip into the throttle is, all your advance disappears as the engine is loaded. The result is a bog or hesitation off-idle.
Manifold vacuum isn't the solution for the poor old load-o, but neither is ported. Introducing ported vacuum to a load-o-matic might mask the idle, but still puts you out of range at higher speeds and differing loads.