Extra Part on Ignition System

That looks like a condenser to prevent interference to radio signals, they would usually be bolted to the coil.

That sounds plausible. It's been few years since I've played with one of these old cars but I remember that trick to filter electrical noise. I'll leave it for now and take car of it when I redo the wiring. No radio in the car so I don't know if it is effective or not.