3 weeks ago the CEL on my 98 Honda Civic came on and I took it to my mechanic. He checked the codes and told me that it was Misfire signal. I got him to change the sparkplugs, ignition wires, cap etc. for abot 350 bucks.
After 2 weeks of running the CEL came back on. This time he found the P1362 code and he is asking me to change the distributor assembly for about 550 bucks. Is this appropirate? Other than the eyesore of the yellow CEL the car runs great with no other engine problems. My mechanic tells me that the code itself P1362 - manufacturer Igntion something .... will not harm the car in any way as there is a failover mechanism built into the distributor.
He also tells me that replacing the distributor will not improve the performance of the car in any way.
Again he will not gaurentee that the CEL will go away if the distributor is replaced.

Should I sink in the 500 bucks and replace the distributor? Are there other things i can check before replacing the 500 bucks? Is a distributor replacement that expensive?

Any help in this regard will be greatly appreciated.

Thanks,

ognep