hi r-bo,
if i recall correctly the two terminals on the dist. cap are for the power wire and the other is for a tach lead/fire wire. i think that sucker is grounded through the engine block. as far as installation you just find your time (dist gear alignment) the same as a points style. (#1 tdc or just before with the rotor button lined up on cyl 1 wire) i think it is easy as pie as you think it might be. if i am wrong someone will let us know and correct me. everyone here is very knowledgable.
army truck