Have you unplugged the plug at the module and cleaned the contacts with contact cleaner?
If so, the cause is likely that the TFI or pickup module has failed in your "rebuilt" distributor. HOPEFULLY, it's warrantied.
Not sure WHY you went with a "rebuilt" distributor, as (typically) they put them together with "recycled" parts, including the modules.
Unless the basic distributor was noticeably worn, I would have simply replaced the TFI and pickup coil modules with quality new ones from Standard Ignition or NAPA/Echlin. Doesn't hurt to get a quote on OEM/Motorcraft units, either.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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