ohh for the days of the GM Delco-Remy window dist design where you opened the lit metal window, slid in your flex allen wrench and set the dwell with the engine running.
Usually when setting it by the feeler gauge method, your gap winds up a bit too big which equates to not enough dwell. This can cause a weak spark at high revs because the dwell angle (degrees that the camshaft turns with the points closed, saturating the coil) directly affects the hotness of the spark.
Another good reason for checking it is that dwell affects timing. If the dwell and timing were set right and then you go and put in a new set of points and the dwell is off a bit (ie lets say the gap is a bit too big and the dwell is a bit too small) the timing will be advanced slightly from what was correct. Not a huge big deal but if you want it all right, do dwell, timing and then idle speed.