Electronic Ign/Hei/Ballast Delete Wiring?

Hey All,

I have attached a drawing of how my ignition and voltage regulator wiring is currently set up. And a second drawing of what I am proposing via utilization of my new TrailBeast supplied HEI, 8 pin, E coil set up and removal of the ballast resistor.

Do I have this right?

Thanks,

Chris E.