Yes, you need a new canister. A Crane adjustable vacuum advance canister. Stock cans usually provide 20 to 25 degrees of advance. A lot of folks will tell you to hook it up to a ported source. This will lower the advance at idle but IMO, is the wrong way to go about it.
Read this article.
http://www.73-87.com/7387garage/drivetrain/hei.htm