I think to move things along I’m just going to order the Pertronix. That way all I have to do is hook up 2 wires. I can’t just hook it up to the wire pictured right? I have to run a new wire from the ignition (I on solenoid) and then just ground the black to the block right.
What? Do you mean with the soon-to-be-installed Pertronix?
If that's what you're asking, then NO, you don't do it like that.
The Black wire from the Pertronix Ignitor is for the negative side of the ignition coil.
The Red wire from the Pertronix Ignitor is for 12v power with the key in the ON position.
The wire pictured (looks to be Red w/green?) is the current lead to the positive side of the ignition coil. Correct?
If so, then that will continue to power the coil, but NOT the Pertronix. You need a full 12v to the Ignitor, and the Red w/green wire is the business end of the resistor wire under the dash, between the ignition switch and the firewall. Outside of the firewall it's just regular wire, but will only have reduced voltage on it when the vehicle is running.
Depending on when you check, it might have 12v on it, or it might have 6v on it.
The Brown "I" wire from the starter relay is for feeding the full 12v plus a little additional current capacity to the coil ONLY when the starter is cranking. It does NOT supply power in any other condition. Once the starter stops cranking, the 12v on the "I" post goes away completely. Any measurable voltage on the Brown wire is coming from the ignition switch and will vary the same way that the Red w/green wire does.
The Ignitor instructions have always included a picture showing that it's ok to connect the Red wire from the distributor to the ignition coil's positive terminal. This feeds both the coil and the distributor. But this is INCORRECT from a Ford standpoint.
If your Ignitor is the type that requires the full 12v (and I think they all are, but not sure anymore) then you must source it from a different wire, OR use the Red w/green wire to trigger a relay in order to get a full 12v to the distributor.
Or run a new wire from the ignition switch to the Ignitor. This usually is not necessary for aftermarket harnesses, because they don't include a resistor wire.
One alternative would be to also buy a coil from Pertronix (or any other company for that matter) that is designed to work with 12v and then bypass the resistor wire completely.
If you do that, then you can follow the instructions and connect the distributor's Red wire to the ignition coil positive. Where both components receive the full 12v (approx) signal.
Paul