Installed the same kit. Works perfectly and cured a multitude of ills including starting, idling, and top end acceleration.
I'm a 45 year fan of breaker points but I could never get them sufficiently reliable in the RE. I'd get everything spot on and then a few hundred miles later I'd be in there again. I haven't touched the ignition or timing in several thousand miles now!
Takes about an hour to install though mine came with no instructions on timing. It's pretty intuitive if you've done this sort of thing before. If not, ask for help here. I also had to hog out the slits in the plate a little w/ a Dremel Tool to get a perfect fit w/ sufficient travel for setting timing.
Worked great for me and this, along w/ flatside carb, transformed my 2000 Bullet into working motorcycle that now starts, idles, and behaves.