I have a copy of The Doctor's Guide to Optimizing Your Ignition System kicking around somewhere. In it he mentions a WOT switch to do similar. This way it works always at WOT and always remembers to turn the charging system back on.

As things in racing trend towards more modern technology, i.e. fuel injection, electric fans, just running off of battery isn't going to cut it.

Still running a carb and points, you're ok.