This diagram shows the way the 12v systems came from Ford.

The "Hot in Start" wire is going to the "S" terminal - and it is typically coming to the solenoid from a "Neutral Start" switch. The "Jumper" from the second terminal provides direct battery voltage to the coil (around the ballast resistor) to keep the coil voltage up as high as possible when the voltage "sags" under the starter load.
The voltage in the "Ignition ON" wire is often reduced below battery voltage due to all of the connections and small size wire it goes through getting out to the ballast resistor - so there can be some advantage to having the jumper even when the ballast resistor has been omitted.
Steve Metzger Tucson, Arizona