Ok everyone, slow down!
Number one, that distributor is not a prestolite unit, wrong information there! It is a Holley "1510". The inclusion of an msd box (I certainly hope it's a "six" series and not the digital six!!) changes everything!
Triggering an msd box from the pertronix is a whole different animal as opposed to simply installing a p-tron conversion and driving on! And that doesn't matter which distributor is being used as long as it's a pertronix conversion. Many other breaker paoint conversion systems are not compatible with any add-on cd box from msd, mallory, accel, crane, etc.
Msd provides explicit troubleshooting instructions for verification of a "no start" condition. Follow those instructions exactly, if you do not have the installation/troubleshooting instructions, then download a copy form the msd website.
Also, we need to know which msd "blaster II" coil we are dealing with here, there are more than one, some of which are not compatible with the system described and can very well lead to electronic issues such as this. Some of those are a match to the system, many are not.
Also, when using a p-tron with an msd box, the ballast resistor or oem resistor wire must be eliminated from the ignition primary circuitry.
Please provide complete information as to exactly which pertronix (pertronix I or pertronix II) unit you are using , which coil, and which msd cd box.
Your pertronix conversion is not installed correctly. Remove the rotor, remove that plastic "spacer" that sits on top of the magnet ring, then remove the magnet ring. Place the plastic spacer down over the breaker point cam first, then install the magnet wheel, then the rotor. That places magnet wheel squarely in the "hot spot" of the p-tron hall effect pickup. This is a change pertronix made in several part number units a few years back, but did not update the instructions when they did so. This has been discussed in other threads in this forum previously.
Then verify that the "air gap" between the magnet ring "magnet" segment and the pickup is 0.030", that factor determines "dwell" and it's imperative it be correct in order to properly trigger the msd box.
There is nothing wrong with that distributor cap, it's clearly the proper cap for a Holley distributor and I see copper contacts!
Also, it appears that the electric choke cap is wired to the coil, that is wrong and will lead to failure of both the coil and the msd box (that is not really clear in your video though)!! The choke cap must be connected to an "ignition switched" b+ feed, and ditch the scotchlok, those should never be used in any form of automotive electrical service, most especially when dealing with very sensitive electronics such as the msd box and the pertronix unit.
Proper distributor identification is in this thread:
http://www.forums.IHPartsAmerica.com/ignition-tech/642-ihc-vehicle-distributor-identification.html
For more information regarding performance ignition upgrades, this thread serves as that repository and it's open-ended to allow folks to add their own information:
http://www.forums.IHPartsAmerica.com/ignition-tech/644-ignition-system-performance-upgrades.html