Right colin, which is why you tune the 555 pulse width and frequency. I didn't say it was a plug in replacement. It's better than being a slave to the circuit though and you can adjust the output with a wide variety of input voltages. You don't use the 555 to drive it directly that would be silly, you use the 555 to drive a transistor to drive the primary coil. While you say 'sophisticated' I would classify that circuit as being single purposed and inflexible, and as I said personally I would use a micro controller and analog comparators to control things.