We quit selling the MSD wire and started building our own sets from Taylor wire...their solid core wire for folks with no electronics and their 8.2mm Thundervolt 50 wire for people that need the suppression type. It's 40 ohms per foot vs. 50 for the MSD wire. It gives the same noise suppression with less resistance (more output). It's perfectly safe to run with any magneto.
Your MSD wires are fine. Coil wire life is determined by the number of passes you put on it in a year and the output of the mag. For your SMV, I'd say 50-75 passes just to be safe on the coil wire. 200-250 laps on the set should be fine assuming they aren't sliced or burned and the terminals are still ok. Record the impedance of each wire when new and check regularly. When you see a change or more than 3-5 ohms or so, replace.
Spud