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Gene, The ballast resistor limits primary ignition current to keep the coil from overheating, and the points from burning prematurely. A coil designed for use with a ballast resistor will have a lower-resistance primary winding than a coil that doesn't need a ballast resistor. The supplier of your new coil (NAPA or similar???) should be able to come up with a ballast resistor that matches your coil, as there is SOME variation in ballast resistors. It is desirable to have the leading edge of the secondary ignition pulse at the spark NEGATIVE, and that is where the coil polarity markings come in. For a system with the battery's (-) terminal connected to the machine's chassis (negative-ground), the coil's (-) terminal goes to the distributor, where it "grounds" through the breaker points. The coil connections are opposite for a positive-ground system. Your original coil was a bit more "idiot proof", with it's "BATT" and "DIST" markings. The problem with that, though, is that those markings are correct only when the coil is used with an ignition system of the ground polarity it was designed for... switching a coil with "BATT" and "DIST" markings from a machine with positive ground to a machine with negative ground and connecting the coil as-marked will result in a "positive" spark at the plugs, which is less effective, due to the "Edison Effect". The polarity of the spark at the plugs can be verified with an ignition oscilloscope, or the old "lead pencil test". So, your new coil, with it's (+) and (-) markings takes a bit more thought to install, but it can be used on both positive-ground and negative-ground systems with the correct results. Now, for your last question "The other thing that's confusing me is that on a negative ground system I think of negative as ground. The negative on this coil must not be equivalent to ground, right? On the old coil, I could measure +12V between EITHER terminal and ground. Pardon my ignorance! " Well, when you were measuring the voltage at the coil terminals, the engine must have been stopped at a point where the breaker points were "open". When you measure voltage at the coil's two primary terminals, with the breaker points "open", they will indicate the same voltage. Rotate the engine a bit (safely, ignition "off", bodily appendages out of belts, fan, etc., and transmission in NEUTRAL), until the points close. Then, the voltage at the distributor side of the coil will drop to (almost) zero. I hope this helps a bit with your questions!
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