HOLLEY was the vendor for FORD IGN and FUEL for that period. It may be the tagged ones were issued at the CLEVELAND PLANT and the bowl ID was issued at the DEARBORN PLANT.
The DIST tagged FAE-12127-C is the correct DIST for your engine (CLEVELAND ENGINE - CF).
KULTULZ am I given in my ignorance another chance? I have already seen this listing
https://ebay.us/m/8MK0dF but made nothing of it because it is not a Ford one. Now with your endless expertise you wrote that Holley made them for Mercury!
The description is "NOS 1954 Mercury car HOLLEY DISTRIBUTOR Model# 1275-S part# R-844-1AS This is a bid for a new old stock distributor for a '54 Merc made by the Holley
Carburetor Co.It has a 14-tooth gear, and includes the points & condenser.
The original box is included but it is very poor. Part Number

A414 "
The seller has 100% feedback and on the sNOS box it's written For 54 Mercury!!! I've asked him just now if he can tell if it has ever been used
What do you say, shall I go for it? I have not yet tried tuning the one on the car.
I'm probably wrong but could I have a 100% original solution if I build the one you wrote that came with the car, with the ''innards" of this Holley? Ok maybe I'm again beng daft?