Chris, do you have a test lamp? Even a multi-meter will do if it has a continuity option. See circuit diagram for pertronix installation. Looks like you have +12V to both sides of the primary winding of the coil.

The splade that has the blk/red trace and blk/white trace goes to the + coil terminal. The blk/red trace wire is there to supply +12v during cranking so that a nice big fat spark is availble. Normally there is only ~ +9v to the + coil terminal via the black/white trace wire to increase the lafespan the of the no longer installed points.

The two single spade blk/white trace wires that used to go to the ballast resistor need to be joined together or reinstall the ballast resistor. If the wires are joined together the coil will see +12V all the time or with the ballast resistor it will see +9v once the engine has started and teh starter is no longer engaged.

The black single spade wire that went from the -ve side of the coil to the distributor body can be disconnected as you now have the -ve [black] wire from the pertronix unit connected directly to the -ve side of the coil.