The trigger for the ignition isn't in the distributor. The trigger pulse comes from the ECU and is triggered mostly by the CPS, with inputs from other sensors.
The Renix trigger signal is kind of a one off deal, as far as I've been able to tell. Unless your module is specifically designed to use the square wave signal (from the ECU), it may not work.
The trigger in the distributor is the cam position sensor and just helps the ECU reference which cylinder gets fuel and when. In fact mine runs the same with and without it being connected.
Large yellow wire is power with ignition switch in run position. Smaller yellow ire is the trigger wire and in my experience it is unlikely you will be able to measure the pulse with a volt meter (most don't recognize the signals wave form).
Most common ignition failures aren't the ignition module or the coil, but a CPS or CPS circuit problem. Next most common are the ignition coil itself. Last I heard NAPA had a tester for the Renix module.
The wiring between the CPS and the ECU, for the CPS, is known trouble spot. Jeep even makes a bypass kit for most of the harness, just for the CPS.
I've had XJ's since 87 and still have the original module and coil. In my experience it is usually something else.