Agree that the tach filter LOOKS like a plain old condenser. And you're right - it seems to be a plain old capacitor. Plus 2 plain old resistors! It has a wire coming out of both ends, and the case is grounded. It's a 3-terminal device. Look at:
http://www.franken.de/users/dagobah/luke/fieroidx.html Click on "Fiero Electronics", then scroll down to where it talks about the tach filter. Click on the word "schematic," and there you go.
Notice also that the photo of Rodney Dickman's replacement tach filter has what appears to be a grounding lug on it. Three-terminal device, I think.
Of course, I just couldn't stand not knowing! I checked the filter on two of my cars with an ohmmeter. It showed 13k-ohms across the terminals. On both cars. That tends to agree with the circuit shown on the above website.
Made me look-!
In any case, I think you are absolutely right that a bad tach filter could wreak havoc on the ignition.
[This message has been edited by StuGood (edited 06-19-2000).]