318 swap gone wrong?!

that's just a standard OEM electronic ignition. good stuff, or it can be if it's made by a decent company.

have you checked for spark? the orange box may have taken a dump or the pick up may not have the right air gap and it's not firing off.

go back to fundamentals, check for voltage, check for spark.

like other's said, you'll need to address the fuel in the oil as well. that's no bueno.