I agree w/ sharkcar71 re the LT-1 cam. Maybe not 'hate' but without also adding gears - for toodling around on the street a 300 or 350 horse hydraulic cam is more pleasing IMHO. Further there is a LOT more to an LT1 than a cam change. Different ballancer, pistons, distr curve, larger valves (same head in some years?), threaded studs, forged crank, guide plates (?), 2.5" exhaust (strangely necked down at the manifold), ... and I'm sure other things I'm forgetting. The cam brings it's power at a MUCH higher rpm - higher than an L48 was originally intended for. The LT1 cam does sacrifice low end torque. I'd guess optional rear end gearing was popular with LT1s for obvious reasons.
I don't believe the LT1s came w TI in all years but I could be mistaken. In any event TI and the distributor curve don't really have anything to do w/ each other. Recurve the distributor as needed (I don't think the L48 for your year has an ideal curve) along with a modern electronic ignition conversion.