Yes I think you can revert back to points should it ever be necessary. There is a magnet fitted to central spindle of the distributor ( over the cam area). Not sure how easy that would be to remove! But I have read in the past that the Bosch distributors fitted to some VW / Early Porsche models are (almost!) identical to Volvo B18 ones. Cheap copies of the VW units are available from several outlets for around £50. If this is the case then a spare distributor is not a bad option.
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