After looking again and popping the dist cap to look at the guts, I realize I do in fact have have a breakerless set up. I was so used to the pertronix conversion I had in the Ford, this looked very different so I just assumed it was a points distributor. Nope. It is an old Prestolite module, 65-189, that certainly explains the missing ballast resistor! The coil must have internal resistance, I just don't know how may ohms I should have.
I'll peruse the internet and do some research and decide wether or not to put in a newer module but I do have a 1.5 ohms Pertronix Flame thrower coil with internal resistance from the old engine that I think should work.