If you have good leads & cap, water doesn't worry the ignition with points, try hosing it while running to find the sensitive spot.
Anyway I am running a high energy coil which should be able to blast through moisture better, haven't hit it with the hose yet, but my Landrover became waterproof by fitting a Commodore Holden 6cyl HEI system to the 186.
Fitting involves removing the option for an easy change back to points, so fitting it to a spare dizzy is the safe way to go. You could easily install it without removing the dizzy from the engine which is the way the kit details it. I found an $8 bearing in the bottom that was stuffed and replaced it. The baseplate is easily removed and also actually a bearing with a bearing race around the bottom edge, but doesn't do much work, so I just cleaned it with petrol & regreased, I also blunted 2 drill bits trying to drill mounting holes in it, I ended up drilling out the points mounting plate rivets, removing that plate from the bearing and using one of those holes.
You then use the brackets supplied and a 1/8" bolt to fix the sensor to the plate so it lines up with a universal 6 slotted disc that mounts on the dizzy shaft lobes, I stuffed the clip inside mine pulling it off so ended up using silastic to keep it on the shaft, I would probably recommend locktite or plastibond just to be sure as it's not a great fit. You have to line up the sensor with the rotor and one of the dizzy leads on the cap, the kit says No1 but I used No6 because the vacumn advance rod was in the way.
The ignition unit is basically plug in to the dizzy, it only has 3 other wires, one to the 12v ignition supply & positve side of the coil, one to ground/chassis, and one to the - side of the coil and tacho.
The ballast resistor is removed. It has a diagnostic LED on the side of the ignition unit that you can see light up as you turn the dizzy around by hand.
I set the timing by the "drive down the road see if it pings and play with it" method, might get a timing light on it this weekend.
I installed the ignition unit and coil inside a plastic box screwed to the guard next to the coolant overflow bottle, pat pending Team Sh*tter Waterproof Ignition by Tupperware
