It is hybrid. Instead of carrying the entire voltage of the spark across the points, they are 12 volt switches that trigger the transistorized ignition of the HondaMan unit.
Much simpler to install, can be disabled to run on just the points in minutes on the side of the road, and is very reliable.
Uses around 5w, keeping the load down on the limited power the alternators produce.
Oh, and a damn sight cheaper too.