kspageddie, I'm pretty sure the holes are tapped for pipe threads, which are different from bolt threads. Most any parts house should have an assortment of fittings that will work.
t-west, Your second thought about vacuum advance was right - it only comes into play under low-load conditions, and goes away under load. At high rpm and low load - say, going down the street at 4000rpm in first gear - you can have as much as 45 or 55 degrees of advance (say, 14 initial + 22 centrifugal + 12 vacuum = 48 degrees), but that's not common. I hope not, anyway. Hopefully, most of the time you're at 4000 rpm you've got your foot in it and there's not that much vacuum advance.
MustangSix, I'm still not sure ported's better, although I'll definately agree that in many stock emissions engines (early 70's and up), if you change from ported to manifold without changing anything else you can get into trouble. And for engines with cams, ported vacuum advance can absolutely help starting issues. But I still like manifold vacuum in conjunction with a good distributor recurve. Most every stock engine I've ever tuned (from MGB 4's to Buick 455's) liked more advance at idle, it generally gives more rpm so I can them drop the carb idle screw and save a little fuel, plus then you don't have to deal with the possibility (unusual, but still a possiblilty) of an engine that likes to really rev (surge) coming off idle when the vacuum advance kicks in (aka Buick 350's).
Did some internet searching, here are a couple of good articles on ported vs. manifold: the consensus seems to be that either is good, it depends on the engine and the rest of the tuning.
http://home.comcast.net/~chadwick.rober ... lained.pdf
http://www.chevyhiperformance.com/howto/46178/
http://www.centuryperformance.com/timing.asp
But since mustang652 has a carb with SCV and not a ported vacuum port available, I still think he ought to go with manifold vacuum. I also advocate his finding out when his centrifugal is all in, and how much it adds, and then maybe modifying that (simple dizzy recurve).