The gold 50 watts art the right ones. I peeled back the corrogated tubing from the wires close to the light itself and tied to the turn signal wire on each side and the other side to a ground. I mounted them behind the firewall, one near the battery and the driverside near the carbon canister...
Talking about those 327's, I used the L79 350hp 327 cam in a car I had, 4spd headers and carbs but mostly stock. I really liked it, reasonable torque and it would wind as far as it could go and still got 20mpg on road trips.
Keep it simple, start by inspeccting the cap and rotor and the distributor parts and the wiring plugs going to it, and the hot wire to the coil, and coil to distributor.