I did a search on this subject already, but my questions were not answered so here they are:
My distributor is certainly making clicking noises so I am assuming it is the bearings.
Will this adversely affect quater mile times at the track?
And which exact internal distributor parts should I change to fix the problem?
well, i doubt it dude. they haven’t been honoring that recall for a while, as far as i know. the worn out parts are bushings, not bearings, and these puppies are not cheap at 300+ bucks.