Ignition experts needed

Running standard Champion plugs. I don't think the Accel pick up is adjustable. The manual says it is "factory" set. Maybe it's just bad.
There are only 2 things remaining the same since I switched to the new ignition. 1. the distributor and 2. the 12v line I'm connected to.
I was gonna run the 12v line from the ignition box right to the battery tomorrow, bypassing the ign. switch and see what happens. If it still dies I'm thinking it HAS to be the pick up in the distrib.
What is the relay type thingy mounted on the fenderwell next to the battery?

Maaaan this is killing me! Thanks for the suggestions and please keep 'em coming.

Mike