I've previously fitted Lumenition kits to a friend's P6 and my father's 4.2 litre Daimler Sovereign. But recently in anticipation of putting GF148 back into regular service, I fitted it with a Pertronix Ignitor unit, which was far simpler to install. There's no external box, and the distributor internals are not swapped out like with the Lumenition kits (unless Lumenition do it differently these days - I'm thinking back about 10 years).
To be honest, I've never had a problem with GF148's mechanical fuel pump. It's been completely reliable for the 13 years I've owned the car. My buddy's P6 has an electric pump and the only advantage I've noticed is starting the car after a period of sitting about. The electric pump gets the fuel through quicker than the mechanical one. So it's horses for courses, but personally I'm in no hurry to upgrade to an electric pump. Perhaps when/if the mechanical one dies...