Finally got this done yesterday - started right up on the first try!
There's a lot of different ways I could have done this, but ultimately I decided the least invasive approach was using just the junkyard clipped off harness pig-tail from the closed-bowl distributor. I left the original TFI connector in place on my truck, and it's now going to the remote TFI, mounted on a factory heatsink which is attached to the fender liner. Taking this approach, I had to clip three of the wires going to the TFI quick connector (PIP, 12V+ Run, IGN GND) and create a 3-way splice on each which connected the remote distributor. The other three wires remained as original, now going to the remote TFI.
The only part that was a bit of a head-scratcher was the GND connections. You've got three of them coming out of the closed-bowl distributor quick-connector that are all common (2, 3, & 7 in the diagram above). I connected them a little different than the diagram... I connected the bare GND wires that ties into the shielding wrap on both side along with pin 3 out of the distributor. I think. I need to verify and update this.
This thread talks a lot about this exact issue and potential "ground loop" problems.
https://classicbroncos.com/forums/sh...d.php?t=197853