yes.
you have 12v going to the positive of your coil the whole time the ignition is on. the distributor via the hall sensor, switches the negative from the coil, completing the circuit to earth.
everytime a spark jumps out one of the leads, the coil is being enrgised and de-energised. that is how it generates the spark, it's basically a transformer where 12v is transformed into 50,000v or whetever.
normally, transformers will only work on AC voltages, the thing works by the constant reversing of the voltage,as it builds up in one direction a voltage is produced, then as it collapses and runs the other way, an opposite voltage is produced. that's what the "A" stands for in AC, alternating!
so if you put a steady DC voltage on to a coil, you get nothing unless it goes on and off, that is why the distributor switches it on and off via the negative tab of the coil, and this is the point you connect your tacho to (when it's not stuffed)

