The original ignition wires were stranded steel core.
I reason this was chosen because the plug caps screw into the end of the wire and copper is really too soft for screw thread abrasion and a reliable long term connection/contact.
Graphite core wire has a resistance rating per foot and is often called suppression wire.
It's not a particularly good idea to have resistance in the plug caps, the spark plugs, AND the interconnect wire, unless there is some really high voltage charging into the spark gap. The kind of voltage you just don't get with the stock coils and points.
As usual, the ignition circuit should be considered as a subsystem made of individual components. Changing a part or component of the system generally has an impact on how the entire system functions. If not under ideal or normal conditions, then perhaps in some extreme condition like age, temperature, system voltage weakness, or points/condenser capability, etc.
Cheers,