Is this coil ballast resistor? And, if so, is this how itm ounts?

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Obviousely need to clean up the Bubba coil set up. Converted to 12v. The beer can has got to go and a coil bracket obtained. I've got some WWII Ford jeep coil brackets and I'd be shocked if they were not correct for this car, and a nice script F for good measure.

But this resistor or relay that is in one of the mounting holes does not look OE. Might be added for the 12v conversion. Leave? Remove? Mount somewhere else? Only one wire connected to it so perhaps the bracket is the ground? Appreciate any thoughts.