I've heard of people having more problems with the Pertronix II than the original Pertronix.
I have the original one in my 68 since late 2004 with no problems. I do carry a spare in the trunk just in case since once one does fail that's it. Atleast with points you could usually clean them and open them up again and be able to limp home with them.
(I am one of those that carries a basic toolbox in the trunk along with a spare Pertronix, starter solenoid, and coil. The solenoid and coil were the "ugly" looking originals that were on the car when I got it but since they still worked when I replaced them while detailing the motor they made good spares to keep for emergencies. Never needed them yet but if they do keep "Murphy" away then they're doing thier job!

)
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1968 Mustang coupe, Acapulco Blue, 289 2v, C-4, Power Steering.
Hopefully a 1969 convertible or Sportsroof (non Mach or Boss) for next Mustang project
Trying to find my father's 1973 Mustang Grande he bought brand new. 3F04F126773 last known registration and title was in New Jersey, 1982.