I agree with Joe and it sounds likely that your injection pump has been replaced with an incorrect pump at some point. In my experience, which is a lot, but still less than Joe's enormous experience, on a 1968, that switch was used to change the fuel delivery to zero, in coasting conditions, depending on load, via throttle position and engine temperature on US spec cars, mainly to reduce emissions. The switch was part of a separate wiring harness that was taped up along with the main engine harness and you can use the same wiring diagram that is covered in the BBB in the emissions section, but if you don't have the second injection pump solenoid, then that whole system is not operational anyway...