Some things that come to mind
The ignition switch has E terminals required to start and run the engine .
- IGN 1
- IGN 2
- S
IGN 1 US the run cir, it provides 12v to the one side of the ballast and to the ECU while running (when the key is in the run position)
IGN 2 is the ballast bypass, it provides 12v to the coil side of the ballast and power for the ECU during cranking.( When the key is in the start position)
S is the starter cir, it provides power to energize the starter relay (when the key is in the start position)
The description of the engine firing when you let off the key while starting is typical of a bad ignition switch. BUT there are other things that can do that too.
Get:
- Pull the yellow wire off the starter relay
- Get some test leads and hook your volt meter between ground and the pos terminal on the coil.
- Position the volt meter where you can see it from inside the car.
- Turn the ignition key to run, you should see near battery voltage on the meter.
- Turn the key to start and you should see near battery voltage on the meter
- If you don't see near battery voltage in the run position look at the ballast
- If you don't see near battery voltage in the start position look for the IGN 2 wire to be attached to the ballast on the opposite side as the IGN 1 wire.
- If that wire is correct then look at the starter switch.
There is a lot more diagnoses to be done so unless you have known good parts for shotgun by buying new parts. Do further testing to find the reason
Get a remote starter switch. Pull the yellow wire off of the starter relay and put the starter switch between batt plus and the terminal on the relay the yellow starter switch wire was attached to.
Find the wire that feeds the ECU 12v and jumper from there to the battery plus
Jumper from the battery plus to the coil plus.
Use the remote starter switch to crank the engine
If it starts you know it's in the wiring. If it doesn't it could be mechanical or the ECU/pickup/dist cap/rotor/wires/plugs