The GM 4 pin module is MUCH easier to wire up & will do everything you want. See post #27 for the diagram. You can buy new modules for $15, so for $30 you can buy two, & piggy back one as an in-situ spare.
If a canister coil is going to be used, it will need to keep the bal res, unless the coil maker states otherwise. If using an E core coil [ good idea, more spark energy ] such as MSD #8207 or Summit # SUM-850500, you do not need the bal rel.
One of the pick up wires on the Chrys elec dist will be black. It connects to the 'G' terminal of the module.