I'm running with an semi-electronic coil. Probably from a 4/75 FJ40, in my 2/75 USA-spec. FJ40. I have the early F distributor installed. The igniter was introduced to create the low-voltage signal that runs thru the coil, triggered by a circuit that runs thru the points in the distributor. In the points-only-type-ignitions, the low-voltage side of the coil is running across the distributor points. The two types of distributors can mostly work for both types of ignition systems, just not the fully electronic types - they have a signal generator in the distributor.
So, in '78 (11/77), they transitioned to the fully electronic coil / igniter. You'll need a used distributor to run that coil, pictured, I think.
I'd buy the Racer 2F/ 3F distributor, and run it with a new OEM '74 coil, condenser, resistor(?) and the points they come with. Or, the same distributor, and then install Pertronix, and have fully electronic ignition. Personally, it is more than a preference for new distributors, they have new mechanical parts that can't be replaced easily when rebuilt.