I've seen distributor bodies lose their ground bond to the engine block before. Probably too much mucky buildup inside the bore. Or rust.
Not sure if the modules ground through the body or not. If they did you would think that the ground symbol would show in the diagrams as was pointed out.
But then again, most of them do actually bolt to metal, so it's a very good possibility. I suppose one way of proving it would be to unbolt the module to see if it still runs. And if so, cut the ground wire to see if you still get spark.
This isn't for testing for spark in your case of course Tim. Just one way to put an otherwise perfectly good module in the scrap pile simply to test a vague theory.%)
Pretty sure (but not 100% sure) that I've seen some bolted to plastic and painted metal. I really can't remember though. And don't know what Ford vehicles might have had plastic panels in the engine compartment off the top of my head either. Maybe some cars? Or maybe it's just a false memory.
Because of the times I've seen poor grounding of the distributor body through the engine block, it was always my impression (assumption in other words) that the ground between the module and the distributor was a way for the module to provide a reliable ground for the distributor if needed. Rather than the other way 'round.
Or, similar to an alternator voltage regulator's tiny ground wire between the two components, merely a way for the two components to share the same ground potential.
In other words, a simple interconnect so they're on the same page, so to speak.
Not necessarily grounding one or the other to the rest of the system.
You've studied these things a lot jckkys. You know what all the ground wire does for the ignition?
Seems likely that it's a ground to the body, but not sure.
And it would seem like there would be a ground symbol in the diagrams if it was an absolute necessity.
Back to you Tim, you said you have original wiring? If so, can you verify good voltage to all the pertinent points? And still good even when you jiggle and flex the wires?
Igntion coil's +? Ignition module's Red wire? Or White wire depending on which diagram you read.
I know from testing a Blue grommet style module will provide spark no matter which wire gets switched power though. So as long as you have 12v to one of them and a good pulse from the distributor, a good module will give spark.
As suggested though, super easy to test the distributor's pickup with an ohm-meter. Would be a first check in most books anyway.
Good luck.
Paul