I thought I'd comment on the Duraspark II before anyone else got to it.
For a factory system, the D-II is pretty darned good. I've driven a combined 200k miles in Fairmont/Zephyr I-6 and I-4s with D-II and never had a related problem.
I've heard the Pertronix (if installed properly) is quite reliable also, but I've never had one in my own car; friends with them have had generally good results (exceptions mainly being install related or problems with original wiring that were not corrected).
The major advantages of the D-II are:
1. You can get the module and distributor together, in a junkyard, for pennies on the dollar.
2. You can get them cheaply at any auto parts store. Other parts for my Fairmont have been in regular stock and I would imagine the D-II parts are too. According to Autozone online:
Dizzy, $50, no core charge, not in regular stock
Control box, 15.99, no core charge, regular stock.
Disadvantages:
1. It's probably a tougher install than the Pertronix (mine have always been pre-installed!
2. It's still a stock setup and may not provide the required spark for a really hot setup.
My vote is D-II fora reliable setup, Pertronix or the like for a high-compression, modified engine. All this is, of course, just IM(ns)HO.
Ben