GM points style coils are not designed to run full time on 12 volts - like HEI distributors. The pre HEI ignition systems used a special wire (PNK/BLK) with an intrinsic resistance to power the coil. That built in resistance (about 1.35 ohms for a V8 engine) reduces the voltage – supplied from the ignition switch to the coil positive – from 12 V down to around 8.5 to 9 V. That reduced voltage is used for normal engine operation.
But the engineers also realized that the engines would start more easily if full battery voltage was temporarily available while cranking. That’s simply because increased voltage produces a hotter spark. To provide the temporary 12 volts they decided to run an extra power supply from the starter solenoid. A wire (yellow) was run from the “R” terminal at the solenoid directly to the coil positive.
When the key is moved to the START position, power is supplied (from the SOL terminal on the ignition switch) to the solenoid on the PPL wire. The solenoid actuates and closes a set of contacts that then provide a full 12 volts to the “R” terminal – and ultimately to the coil positive.
When the key is released from the START position, the contacts open and the 12 volt supply from the YEL is cut off. From then on, power to the coil is only supplied by the PNK/BLK wire.
But the above is just about power supply to the coil. I am not really sure what your situation is. Are you currently set up with a points style distributor and a remote cylindrical coil on a 1974 motor? It appears you are going to attempt to install a throttle body injection system into a stock 1974 truck.
I assume you have an applicable ECM and the various sensors it requires to run the engine. But regardless, the conversion will be extremely involved.
Just one example, the ECM needs to see a pulsed signal from the distributor before it will energize the injectors. If you intend to run a points style ignition system, it will require a pre-HEI type distributor. If you can even get an old style distributor installed, it won’t have any capability to generate the pulsed signal the ECM requires.