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I'm not sure it has anything to do with the corrosion many are complaining about but when Ford use the same magnetic pickup in THEIR distributors, there was a 3rd wire that grounded to the baseplate within the distributor. Not sure if they are gounding the distributor remotely (?) (already grounded to the engine block) or were the grounding components at the remote ignition box through the 3rd wire at the distributor?
Just a thought.
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Rick
As you slide down the Banister of Life, may the splinters never be pointing the wrong way 
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