It is only two 24v solenoids inside. One for the starter, and one for dash power. Cole-Hersee makes them. If it has a small circuit board inside, this is simply to prevent re-engagement of the starter once the engine is running.
I am rebuilding mine, and then making an emergency jumper connector for it if it ever leaves me walking. This is just jumping the dash power hot leads together, since the starter can be activated via a screwdriver under hood. It is made from the base connector of a scrap PCB with a single large wire connecting 2 large pins together.
If you go with a modern starter that has a relay built onto it, you can bypass this function in the PCB which is half of its contents. You can then run the dash starter signal wire directly to the starter mounted relay.
Several options on PCB. Lots of rebuild info here if you choose that way.