The front dipstick in the timing cover may still register...someone more familiar with Ford's would probably know for sure. If not I say do a Lokar setup.
Your ignition system plan sounds about right to me. So does the minimalistic wiring effort.
Overall I think you're on the right track.
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--==RPM Resto & Custom==--
1989 IROC-Z Media Coverage:
Chevy High Performance - Readers Rides 4/03
GM High Tech Performance - Tech Article 3/06
Chevy Rumble - Tech & Feature Articles November 2006
Auto Restorer Magazine - Feature Article 5/11
SkinAndSteel.com
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