Just got this in the mail today

You don’t need to remove the two wire connector and solder the wires together; how are you going to be able to easy remove that distributor in the future? Just clean the engine harness’s side of that two wire connection, dab dielectric grease on its contacts, and connect them up. You will have no trouble with this connector, it’s the same weather tight connection found in the lighting circuits.

If you plan on recurving this distributor, that connector will be most welcome.

Soldering and shrink wrapping splices to the electronic ignition sub harness is a good idea.

Nylon gear lasts forever; factory installed them in millions of these engines over the years.