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You can hook up a HEI with 1 wire, just make sure it gets a full 12 volts, don't use a resistor like a points and coil. I remember seeing one of those 3 speed overdrive Saginaws and it had a solenoid. The tail of the 3 speed Saginaw should bolt right onto a Saginaw 4 speed, they do on a non overdrive transmission.
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