I guess all you need to do is secure the engine somehow... If you only fire it up for a couple seconds you probably do not even need a cooling system. Although I have a fiero radiator you can have... just run lines at least its something.
Why could you not run it on the engine stand? I suppose it might not be stable enough.
As far as starting it, I dont know about the MSD. But some fuel line to the mechanical pump in a bucket of gas and 12 volts to the starter and ignition and she should fire right up.
Good luck
[This message has been edited by thedrue (edited 04-02-2010).]