Look at the original wire that supplied the (+) terminal of your point-type coil. It will probably be relatively small in diameter, and have a silvery appearance, not copper. That's because it's a nickel/chrome resistance wire designed to drop the voltage to the coil to approximately 9 volts during normal running. There might also be a second wire attached to the coil that bypasses the resistor during starting. Insulate any and/or all of the wires that were attached to the original coil- - - - -I usually just tape off the terminals and wrap the wires into the harness. Then run a heavy wire, #10 is best, from the "run" position of the ignition switch to the pink wire terminal of the HEI coil. You're good to go- - - -no resistor or bypass wire is needed.
Jerry

Edit: I just noticed you're working on a 1949 model- - - -has it been converted to 12 volts already? The HEI will not work on a 6-volt system!
Jerry

"It is better to be silent and be thought a fool than to speak and eliminate all doubt!" - Abraham Lincoln
Cringe and wail in fear, Eloi- - - - -we Morlocks are on the hunt!
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway
Love your enemies and drive 'em nuts!