383 ignition, need expert please.

If that metal can looking deal above the coil is what you're calling the resistor, it's actually a condenser(capacitor), just unhook it for now.

As there's no switch yet, do not leave the coil energized to the battery for more than 1/2 a minute or so.

When it's hooked up ready to fire except the B+, put a test light on the coil's - post and the light's other end to ground. Connect power(B+ feed) and rotate the engine. The light should go on and off with the point action. Open points, the light lights; closed points the light goes out.

If the light functions on & off with distributor cam rotation, then the primary circuit is okay and time to check the secondary side. If it doesn't, then you have a point or coil problem.

Yes, I thought that capacitor is ballast resistor. So what is the capacitor for? Does it play any part of ignition system?

Can you please explain why do not leave the coil energized to battery for more than 1/2 min?

And do I need ballast resistor in order to run the engine? (Engine out of car right now, I want test run)

Thanks a lot!