[Steeveedee]

Either the short paper filter or the sintered bronze filter will work. The sintered bronze filter stops water, but once it's clogged the spring lets whatever is in the fuel system by, anyway.

Take the cap off and see what the points look like. You can do that without upsetting the timing, since there is an indexing lump on the cap that fits the slot in the distributor. If the points are all pitted, it'll be obvious.

That belt price is ridiculous! Check around. They should be about 1/4th that price.