that is the Cylinder Position Sensor that tells the injectors when to fire - on most Honda engines, the Cylinder sensor is inside the distributorok. I have another question on the exaust cam there is little box almost. it has 2 wires coming out of it. I have no clue what is is or does???
since it is a LX, you will need to do the DPFI to MPFI wiring changes to your LX engine harness in order to add wires for the 2 additional injectors and for the Cylinder Sensor - when you do that, the 2 wires for the Cylinder Sensor run directly to the ECUo ok. That makes sence. So im guessing i run those wires to the dizzy??