Im not sure what sensor this is...It goes somewhere around my distributor but im not sure how it mounts..it seems to me to be some sort of oil sensor but its big and gold....i can have a pic soon but anyone with help would be nice.

 

Kinda bell shaped? Sounds like it could be an oil pressure sensor.

 

by location, it must be the oil pressure sensor.......there are two types, installed, one with a pressure switch plus an output for the oil pressure gauge, and one with only the switch.

the switch function is used to shutoff the electric fuel pump if there's a failure or to turn on the pump for 'limp home' mode.