Bill, What distributor are you running? I think a shielded cable is a good idea for a magnetic pickup. And don't run the distributor wire next to the alternator power wire or the coil primary wire (output from the MSD).
I like the charging characteristics of the Delco (GM) alternator, good low rpm output. But MSD even says in their FAQ that the Delco 1-wire alternators are big offenders.