Hello, I have a 1989 mercruiser 3.0 sterndrive. I recently replaced all the battery cables. When I went to put the wires that came off the starter stud to back on, it looks like the threads were chewed up. Because of the new thickness of the battery cable, I couldn’t get the nut back on… so i removed this component and looked around for another post with power and put it there. See the picture. After a lot of research it looks like I put this component onto the starter solenoid. I suspect that the two red wires coming off of this component run to the ignition switch? What is this component, what does it do and can i put it on the solenoid like that without exploding? Will it work like this or do I need to get a new starter to accomodate all the wires? Thanks for any help!