Anyone understand and can explain what our two pin ignition modules need or pick up inside the dizzy?

And why it won't work I assume outside the dizzy

The pickup coil for the reluctor is integrated into the module..... it has to be next to the reluctor to sense it. It could be redesigned so that all you have inside the distributor is the coil itself without the electronics that convert the sine wave reluctor signal to a square wave coil firing signal. But that's not how they designed it. 

GD