The gasket failure must be heat related. When getting a speeding ticket a few yrs ago had a little conversation with the patrolman. He said when they had the early LT1 in the patrol car they had a lot of problem when bucking snowbanks. The distributor would get wet and would have to be towed in for repairs. The highway patrol here puts on about 50,000 per yr and replace every two yrs so age didn't have much to do with it.
Sounds to me like if you buy a car with an optispark and you can do the work yourself that a little preventive maintenance by cleaning and replacing gasket might be time well spent.
Glenn