Believe me, I know the engine won't work without it. :P It's 'annoying' in the manner of 'I've had problems with the bulkhead connection being flaky', not, 'I wish I could just get rid of that wire.'
There's a decent chance I'm going to run a new wire in its place when I'm doing all this work, one that goes through the bulkhead hole the wire from the distributor goes through and straight to the coil so I don't have to deal with all the crap from the connectors. I think that the cruise control system I'm also putting in needs to tap off that signal line as well, so it'll kill two birds with one wire so to speak.

