One thing to check is the valve lash. The engine starts ok cold but hard to start hot is one of the signs of too tight valve clearance. The engine gets hot, the metal expands in the valves and if there isn't enough clearance it can hold the valve slightly open and loose compression, killing performance and making it hard to start when hot. It don't cost a dime to check that other than buying feeler gauges.
I would replace the points and condensers first before going into anything radical also if the valve lash is ok. You may need to do a real good tune up on it.
I would replace the points and condensers first before going into anything radical also if the valve lash is ok. You may need to do a real good tune up on it.