The computer will give slightly better fuel mileage and driveability - but the (firewall mounted) ignition system is simpler, easier to diagnosis (when acting up) and (to some) more reliable.
The computer system is not easy to diagnosis and a person can't talk to it like most newer cars. When I was at a dealership, the fastest way was to have a box of "known good" parts and start replacing parts to see what fixed it. The official breakout boxes were a royal pain to use and sometimes didn't work (if not swiped from the shop...). I've used the official breakout boxes but is was so much easier to swap out a part and start the car (and repeat).
Computers were maybe the least likely item to give a problem.
The early computer systems used the engine ground for the return electrical circuit. On items like coolant temp sensors, most people like to use Teflon tape on the threads to prevent a coolant leak (if removed). Teflon tape works good for stopping leaks but also, unintended, does a good job of not grounding the sensor (ie: makes an open circuit). The later computer systems used their own return ground wire to the sensors and that problem got fixed.
A similar issue is the oxygen sensor. These cars used a single wire, I like to look at a new oxygen sensor and see if it has enough anti-seize compound on the threads. If not, I will add more (note: most new oxygen sensors do have a smidge of compound on them, but not enough - IMO). Anti-seize compound also does a poor job of allowing electricity to flow. The trick here is to make sure the metal gasket ring is good and dry before tightening the sensor.
Note: a lack of using sufficient anti-seize compound = you will never be able to remove that sensor again (at least not without drilling and re-tapping the threads).
Auto computers are similar to PC's. Bad data in = bad data out.
If the coolant temp sensor thinks it is -173 degrees outside, the engine will not run well, when it is actually 60 degrees - for example.
I am so glad that later computers we could ask the computer what is wrong and things got so much better after that.
Note: the computer gets bad rap - for most things it gets blamed for IS items used on cars decades before computers (leaking gasket(s), bad spark plugs, timing chain wear, bad gasoline (or fuel pump, carburetor, etc.) and so forth. It is ALWAYS best to check the basics before diving into a computer for the computer might not have anything to do with it (ie: check for spark, check for gasoline and so forth).
Just about the only thing that used for both pre/post computers is the ignition coil, pickup coil (in distributor) and wiring harness. Except for JustWondering, most people do not have a problem with the harness (and I doubt her rodents caught up with this car . . . yet).
BudW