Welcome to the forums scoker.
Electronic ignition is surely a viable upgrade. I havn't had the $ to change mine over yet.
Are you going to lube the cylinders and try rolling it over by hand first. That's a long time for a motor to sit.
My motor is only 9.5 to 1 so I can run pump gas in it. What's the numbers on yours.
Got any pics?
Peace Man!
CESAR