OK, sounds like a lack of fuel. There are no accelerator pumps in an SU so rapidly opening the throttle will not help much unless it's rich... starter fluid will help a lot to get it running. You can disconnect the fuel lines and crank the motor to see if it pumps fuel... just be prepared! If you have a timing light you can check the initial timing by cranking it. No idea on the two wires but they look familiar though my set up is rather modified (EFI) and can't check.
Regarding the u joints: there are two u joints, one at the diff and one at the yoke and they should be aligned/in the exact same position of each other or they can bind or vibrate. They are mated with the splined end of the drive shaft that slides into the transmission's yoke which can spin independently with the trans in neutral. Also, there are factory marks on the drive shaft and front u joint from when it was balanced at the factory, so those marks need to be located and used accordingly to put the drive shaft and trans yoke into balance/correct position before being bolted to the diff (there's a posting about this, and I just learned this in the past year... love the knowledge on this site!). BTW, this does not apply to the 4 speed trans.
So Tig, I see you own a few BMWs so you either know a bit about cars or you have a deep wallet (

). I don't have a deep wallet so I know a bit about cars! My wife is on her 4th Z3 (current is a 2001) and I drive a 2005 X3 (M54... great engine) with 195k on it and am waiting for the plastic parts to start disintegrating (what a B to work on!). Fortunately you won't need a bunch of special tools for the Datsun outside of a carb balancer...