The LT1 is not truly distributorless. The 350 cid. LT1 uses what GM calls an "Optispark". Or, as those of us in Camaro clubs like to call them, "Opticrap."
The Opticrap is a camshaft-driven distributor that is HIGHLY prone to failure, even on road-bound vehicles. And replacing a dead Opti is not exactly what I consider to be a fun job...
Also, the LT1 in the Camaro has 2-bolt mains; the Corvette LT1 has 4-bolt mains. No late-model LTx engine ever had 6-bolt mains, as the block was directly derived from it's predecessor, the L98. Differences also include aluminum (on the LT1) vs. iron heads, new fuel injection design, and reverse-flow cooling system (1993-1994; normal cooling from 1995-1997).
However, you can purchase a GM crate LS1 346 cid as currently used in 1998+ Camaros and 1997+ Corvettes. These are all-aluminum blocks and heads with true distributorless ignition (8 coils, 8 wires, all handled by the PCM). All aluminum LS1's regardless of application have 6-bolt mains. The LS1 is laughably rated at 320 HP / 330 TQ. The reality is that they're closer to 350 HP / 350 TQ. The LS1 shares no parts or designs with LTx and earlier engines.
Oh, by the way, did you guess that I also own a Camaro...?