One of the 'problems' of the 500 is that the hot 'engine cooling' air is directed over 2 things that don't like heat---the condenser and, if fitted, the electronic unit of an 'electronic' ignition. You haven't told us what sort of ignition you have on your car.
If it is the standard 'points' ignition with a condenser, this can be overcome in the UK by fitting a 'competition' condenser (from Swiftune) where the design of the condenser, with long leads, allows the condenser to be mounted alongside the coil, out of the flow of hot air. The bulk of modern condensers are very cheaply made, hence the 500s habit of going through them at a fair rate.
The problem is a tad more difficult to overcome if an 'electronic' ignition, be it an expensive '123' system or the relatively cheap "Hall effect" system is fitted. Somehow the flow of hot air over the distributor has to be reduced. I have built a small dam inside the thermostat housing, in line with the distributor, which has reduced the temperature of the distributor by about 10 degrees in relation to the themostat housing.
If you have 'points' ignition, I would suggest that the first thing to do would be to fit another condenser and see if that cures the problem. If it doesn't, come back to the forum and we will put our collective heads together to try and solve the problem!