bottom answer is no, there is a control module and the entire system is called electronic spark timing and began in 1980, and mostly sene on 305 engines throughout the 80s, very common thing, i have sene some with two plugs on the carb, one with the two wires and another with an extra wire, this was on an 86 c-10 with 305, the extra wire ran to temp switch in thermostat housing