Holley sniper

Just tie IGN 1 and IGN 2 together. The relay works but adds complexity when none is needed.
The reason a relay is beneficial or in other words NEEDED (in place of some other solution) is that harness voltage drop, rampant in these old girls, causes the VR to OVERvoltage, since it is getting UNDERvoltage.

The relay supplies full battery to the ignition "run" wire, the alternator field, and the VR