Skip White Distributor install by a dummy, with ?'s

First off I'm inexperienced but usually able to follow directions even if it takes me forever to do so. I have a K10 pickup that I dropped in a Street Fighter distributor and it made a world of difference over the stock distributor in my 86. My 72 Dart runs well but only gets 10 mpg's and with 2.76 gears doesn't have the power I would expect from a replacement 360. All this was done by previous owner so I'm unsure of the specifics of the engine but I was told it was a crate engine but he was an idiot. Base timing was 35 degrees when I got it and I immediately set it to 13 for starters. 13 because thats where it ended up and ran smoother with more power and better fuel economy. Ran out of gas the second day I had it...... before I set timing.

Ok so I bought the Skip White off Ebay for $55 shipped. The directions couldn't be simpler or more vague. It literally states connect 2 wires. Red to positive side of coil and black to negative, check. I had two wires connected to the positive side of the coil and one to the negative.

1. I'm assuming one is for power and the other is for the Tach? Do i just leave these 2 hooked up and add the 3rd from the new distributor? I also had one hooked up to the ground, leave it hooked up?

The old rotor was pointed at about 8:30. When I dropped in the skip white it is pointed more at 7:30. I was trying to avoid pulling the plugs and finding tdc, laziness I know.

2. Should I be alarmed by this? I put the spark plug wires in the same place as the old distributor. The old cap is marked with numbers written in by hand but I did them one at a time.

3. Do I have to bypass the Ballast resistor? I would like to clean up the firewall, especially if I decide to keep the car and paint it. Or can I just remove it? I"m a little fuzzy there. Why would I have to bypass it if i can just remove it???

4. Last question is on the e-core coil. I'm assuming that if i just use my blaster 2 I'm not getting the full spark out of the distributor and it might overheat? I really didn't want to spend another $70 but I'm already in for a penny..... Any recommendations on a coil? I could get one from Amazon and have it here by saturday which is when I need to have the dart up and running again. Car show saturday night. Thanks in advance

ps I didn't put up any pics because it is a pain as I have to use photobucket on my phone and I don't think it helps much for this issue