Since I’m bad with my hands and rode the little yellow school bus til college, I won’t be working on a distributor myself.
There used to be about 1/2 dozen distributors used since the 1990’s, but looks like MSD is the more popular, dependable unit. It’s the big dollar, but worth it if it work as intended (or better). If the relict or seems to corroded a lot, are this in areas with lots of snow, rain and salt in the winter seasons?
It's the ozone produced by the hi voltage. When the spark jumps from the rotor to cap, ozone is produced, it's a corrosive gas and a product of the physics and chemistry going on in there.
Venting the cap better and checking phasing may help but I think the main issue was the coating, (if any), MSD applied to the iron parts in there. Seems it's less of an issue these days so perhaps processes may have changed.
It never caused any misfire or timing issues with my stuff, I just used to strip and clean them every season, a while ago I clear coated one of the dizzy's Fe parts (with a brush). Seems to have held up OK