From this:
12. If converting from a point type ignition, remove any resistance wire, or
ballast resistor that may have been previously used.
If a resistance wire is present: replace the wire with a 12-gauge copper
stranded wire. Most resistance wires begin at the engine compartment
side of the
fuse block.
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It appears the pertronix system runs on 12 volts not 7-9 volts like the OEM system.
So a by-pass of the resistance wire from the ignition switch is needed