For your top end speed to drop off that drastically tells me the problem is more fuel related than ignition. If the ignition were to blame at that speed when the engine is working hard, it would tell you by bucking or misfiring.
Unless the gas tank has been cleaned out - and I mean REALLY cleaned out - after almost 100 years, gunk collects at the bottom. This crud consists of old gauge cork bits, rust particles that have flaked off the inner tank lining, impurities in cheap gas over the years and even sand that some kids dumped in an abandoned "old car". You have a 1929 Model A, so the lowest point in the gas tank is where the on/off valve is located. This crud tends to collect over this valve and eventually gets into the valve, effectively clogging free fuel flow. This is especially critical in a fuel system that relies upon gravity to deliver the fuel to the carburetor. Enough fuel will trickle through this crud for the engine to idle and even attain speeds up to 25-30mph, possibly a little higher. But as speed demands increase, the flow of fuel can't keep up, so the engine doesn't receive the amount of fuel it needs to reach higher speeds.
I have posted this test a couple times over the years and had people PM me that it worked and their Model A's now have their old speed back. If nothing else, at least you will know that fuel delivery is not the problem. But your description of lower top speeds compared to the past indicates your on/off valve is getting more and more plugged. I apologize if long-time readers have to wade through this description again, but it just might help others with a similar problem.
First, remove the gas cap. With the fuel valve lever in the closed position, unscrew the fuel line fitting at the carb and only loosen the one in the sediment bowl. Swivel the fuel line 180 degrees so that its carb end is now on top. Tighten the sediment bowl fitting to hold the line in this position. Turn the fuel back on. Because the line is now so high, little or no fuel will trickle out of the open end. Put the open end of the fuel line into your mouth and blow as hard as you can. You may feel resistance at first, but keep blowing until you hear a gurgle inside the gas tank. That is the sound of the gunk being blown back into the fuel supply. The on/off valve is now clear and will remain so for a while. Turn the fuel valve off and put the fuel line back into the carb, tightening both brass fittings. Put the gas cap back on and take a test drive. If you heard that gurgle and felt the difference in resistance when blowing into the fuel line, you can be sure that gunk was compacted inside the on/off valve. If you hear no gurgling, the on/off valve is still clogged. Maybe try compressed air onto the open end of the fuel line. But if you don't hear and feel that gurgle, you have gained nothing: the valve is still clogged.
This is not a permanent cure and will only temporarily solve a fuel delivery problem. Alternately, if your fuel level had been really low, you could have drained the gas tank and removed the on/valve to be cleaned out. At least that would have gotten rid of some of the gunk. It would help in the future to keep the fuel level inside the tank fairly high so that the gunk you blew back into it will be suspended and distributed throughout the gasoline. If the fuel level is kept low, the gunk will be more concentrated and more likely to end up in the on/off valve.
Try this procedure and let us know if it solves the lower top end speed problem. If it doesn't, you can at least cross off fuel delivery as a suspect.
Marshall