The points work fine when set up correctly, most people just find it a pain to constantly monitor their timing, gap, dwell, etc.
I personally have changed to the Dyna S and have had absolutely no problems. There are a lot of choices when it comes to ignitions for CB750s however. Pamco, Dynatec, Hondaman, Kokusan, just to name a few. Most work in the same manner, but the Hondaman ignition lets you keep the points as a backup in case the unit fails.