Howdy Back Brian:
Given your description, the 1st distributor is a Pre '68 Load-a-Matic distributor. It is vacuum advance only and needs to be used with a carb with a Spark Control Valve (SCV) to function properly.
The 2nd is a '68 to sometime during the '73 year when it was replaced with the original, small cap, DuraSpark. This distributor has both vacuum and centrifugal advance and is a performance and economy upgrade over the earlier Load-a-Matic distributor. IF you use this one, you will need-
1. a carb that does NOT have a SCV such as the '69 Autolite 1101, a Carter YF, or a Carter RBS
2. to leave the vacuum retard nipple open and unused.
I'm suspect of your Mustang Resto guide because Mustang 200s used Autolite 1100s through '69. Carter YFs became the stock carb on 200s in 1970. The 1100 through '67 have the SCV and use the Load-a-Matic distributor. In '68 & '69 they switched to a vacuum/centrifugal advance and an 1100 with a ported vacuum source for the vacuum advance and not SCV, but downsized from 185 cfm to 150 cfm. The distributor was an improvement. Downsizing the carb was not!
You will need to be more exact to determine what carb you have.
I hope this is helpful to you.
Adios, David