1. Yes our early tractors like wires with a metal core.
2. No, the spark will jump a small gap.
3. You will need a gage to get the points set correctly. I have set them by eye myself but that is with 40 years of experiance.
4. The points act as an on off switch to excite the windings in the coil. The condenser holds a charge and dampens the power to the points and keeps them from burning up quickly.
5. These early tractors do not need an external condensor on the coil. The 9N, 8N, 2N. Ford series tractors did use a resister with a front mount Distributor. the petro fordson are rare over here so I cannot say for sure, I would venture to guess that if you have 12 volt system, with a 12 volt coil that it would not need it.
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