Not quite. The MSD red wire needs to pick-up from 2 sources on a mopar. The ballast wire that is hot with key on, usually dark blue. On the other side of the ballast resistor you need to pick-up power during cranking, usually the brown wire. The blue wire goes dead while cranking causing no spark. The brown wire is hot in crank only and goes dead when the key is released from the crank posistion. You will find these wires, regardless of color, on opposite sides of the ballast resistor.

Pigtail them together, and attach to the small red on the MSD.

P.S. You can eliminate the ballast if you wish--it is no longer needed.