I would not go with the Ignitor II. I made that mistake and I now have cylinders not firing at idle (because of the useless adaptive dwell control). The ignitor I is a much better choice for marine applications because of the low idle and top rpms.
This is very interesting. It may explain issues I had with my distributor, that I have since modified. Please tell me how it is that you know this and what exactly was going on with your setup.
However, I am also running a Pertronix II in my '65 Mustang 289. I have had zero issues with that and the motor starts so much quicker and idles smoother, quicker.
I learned this from reading some forum a while back. Seemed to be a bigger problem in 6 cyl engines. I have an intermitent no fire on any givin plug at idle and slightly above. (Checked with spark tester)
You are missing a wire somewhere. There should be two wires on the plus terminal. One of then comes from the ignition switch, via the resistor. The second comes from the starter solenoid. The latter seems to be the only wire you have. It's purpose is to supply a full twelve volts to the coil, only while the starter motor is engaged. Once you release the key, as you found out, that lead goes dead.