Here is a copy and paste from their website: Magnetic Pickup Trigger:
If you are using the 2-Pin Magnetic Pickup of the MSD to trigger the ignition, follow these steps.
Make sure the ignition switch is in the Off position.
Remove the coil wire from the distributor cap and position the terminal so it is approximately 1/2" from a good ground.
Disconnect the MSD Magnetic Pickup connector from the distributor.
Turn the ignition to the On position. DO NOT CRANK THE ENGINE.
With a small jumper wire, short the Green and Violet magnetic pickup wires together then pull the jumper off. Each time the short is removed a spark should jump If spark is present, the ignition is working properly.
If there is no spark:
Inspect all of the wiring.
Substitute another coil and test again. If there is now spark, the coil is at fault.
If there is still no spark, check to make sure there is 12 volts on the small Red wire from the MSD when the key is in the On position. If 12 volts are not present, find another 12 volt source and repeat the test.
After inspecting the test procedures and inspecting all of the wiring, there is still no spark, the Ignition is at fault. See the Warranty and Service Page for Information.
And the link:
http://www.msdperformance.com/page.aspx?id=3206