All that current flowing across the points doesn't like to stop suddenly, and can initiate a small arc, which eventually erodes the tungsten contacts. The condenser cushions that arc, making point life much longer. But not infinitely long. As the contacts and the plastic rubbing block, which contacts the point cam, wear, the ignition points' clearance and timing constantly change. After thousands of miles, the timing has shifted enough to affect performance, and the ritual of changing the points and setting the timing becomes necessary. How often? Some vehicles need to have the timing adjusted as often as every 10,000 miles to maintain peak performance. High-revving engines will need premium points with a high-pressure spring to keep the points from bouncing at increased revs. Some points assemblies include the condenser, yet for others, it's a separate part. Condensers are inexpensive enough that it makes no sense not to replace them with every set of points. They should last as long as a set of points, 20,000 miles at least. [links]