What's this all about? Dual pickup electronic distributor?

if its longer than the small block it is probably a 440 lean burn unit.
NOPE its's a 400 lean burn.
One thing it might be good for is an EFI setup
Yes it would work fine for that if you use the optional spark control some systems offer, like Mega Squirt or Holley, not sure which makes all offer spark control. In this case it becomes the Cam P Sensor.