the vacuum advance basically needs to be disabled. we dont use it in a boat. if you just unhook the vacuum line, it could bounce around and move the timing around when you're driving. and if you plug it with a cap, pressure builds inside that area from heat/cold and it'll move your timing around as well. so you remove the vacuum advance and you basically put a plastic "plug" in its place to lock the timing at whatever its set at plus/minus the mechanical spring advance.

you're replacing this:

with this:

its fairly easy to do, just remove the cap and rotor, and then you might have to remove a couple screws to move the electrical board inside out of the way, undo a screw that holds the vacuum advance in, and then put the plastic lockout in its place (make sure to get the little advance arm into the hole in the lockout) and reassemble.
http://www.summitracing.com/parts/pro-67022c$12