I think you pretty well covered it when you said it needs head work. If it has a compression problem or leaky valves or a bad lobe on the cam or a loose/ leaky intake manifold, all the "snake oil" in the world won't make it run smoother. If it was mine, I would save the $$$ and fix the head or find out whatever else is causing it to miss. If you feel you need to go with electonic later you can, but for just a normal tractor it may be a waste of $$$. My H runs smooth as silk with the very old set of points that are in it. Even though they are old, they are set right and clean, the compression is very close all the way across the board (150-148 psi) and no miss. You might want to check and see if there is any moisture or oil mist residue in your dist cap before doing anything.
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