Here's a diagram showing how to test the hall sensors.
The wire colors on my Ford sensor are just what they seem to indicate: Red: Power Black: Ground Green: PIP signal
On my dodge sensor, the middle wire going into the sensor has a white tracer, and is ground. Otherwise, just hold the ford & dodge next to each other, and the pinouts are the same.
So if the Dodge 8 tooth wheel is identical to the Ford wheel (after making one tooth smaller), I don't see why we can't use that distributor as-is with a remote mount Ford TFI.