These usually have an SBC advance curve (total 36 degrees) when a flathead Ford (because of the combustion chamber differences) needs less (22-26 degrees). The earlier models have a plastic "Key" that you can insert into the advance plate to limit the total advance to what a flathead really needs. I have seen a couple of these over the years, and one had the adjustable advance, but one didn't. Quite frankly, I would avoid the currently available "Mallory's" like the plague. "Mallory" is in quotes for what I believe is a very good reason.
The old Mallory "flattops" for a flathead are getting hard to find and expensive. Mallory "flattops" for SBC's are on eBay for less than $100 every so often, and can easily be converted for use in a flathead if you have a lathe and basic skills. If you don't, there are several people who can do it for you, the best of which (in my opinion) is our own "Charlie ny". If you do decide to get one from eBay, make sure it is complete and has a good cap and rotor.
I will admit I am a real fan of the old Mallory "flattops" and run them on ALL of my engines (flatheads, Olds Rockets, early hemi's and even an SBC or two), so I may be prejudiced, but I think they run great!