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Having same issue on my Mustang. Don't know why your electrode blew, maybe "its time had just come", but the module's only job is to intermittantly energize coil just like the points did. A varying voltage on "+" coil terminal when cranking should eliminate the module as the prob. Mine didn't vary, nor did the timing light flash on plug wires so I've got a module coming. I've got a Mallory dist with pertronix guts and no ballast res.
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