Hey Jim,
Not sure why that would trigger a code 47, but it sounds like you've got it fixed. The two connectors for the distributor are both sync's for the computer, one is for fuel injector sync (pretty sure the grey one) and the other for spark (the black one). Like you suspected they tell the computer the position of the crank.
Glad to see you've still got the GLHS, maybe I can coax you to bring it out to an SDAC Chicago meeting one of these days?
Not sure why that would trigger a code 47, but it sounds like you've got it fixed. The two connectors for the distributor are both sync's for the computer, one is for fuel injector sync (pretty sure the grey one) and the other for spark (the black one). Like you suspected they tell the computer the position of the crank.
Glad to see you've still got the GLHS, maybe I can coax you to bring it out to an SDAC Chicago meeting one of these days?