The purpose of that thrust collar is to hold the oil pump drive gear down on the reverse engine, it is not really need at all on the standard rotation engine. Since the cam turns in the opposite direction, but the oil pump must turn in the same direction the gear is cut opposite on the cam shaft and the oil pump drive gear. This makes it want to rise up, the thrust collar holds it down. Without the thrust collar it would drive itself upward destroying the distributor in a short period of time. The distributor has weights in it that are directional sensitive, you cannot reverse the rotation as you will not have any advance.
Basically you have 2 options for the reverse engine. A factory electronic ignition system, or, if you can find one, an aftermarket reverse direction with a long shaft to make up for the thrust collar, I have never seen one. Also the 383/400 distributor has a shaft with a slightly shorter length than a 440. They are 3 7/8", a 440 is 4 1/8" So mixing them up won't work either.
Shortly I will be posting a completely programmable, distributor less ignition system upgrade for the 383,400,440 engines that can be used in either rotation. It works great and with a laptop, or even a smart phone, you can change the timing curve, specs anyway you want. I am using this in our fuel injection system.
Anyway, do not put a distributor in the reverse engine without the thrust collar. You could always take the distributor to a good auto electric shop that has a distributor machine and have it cleaned and set up. The old Ma Chrysler stuff was well built, but it all need love sometime.
Good luck.