A loud squealing noise on high mileage cars can be confused with a loose fan belt. The distributor should be inspected because it can seize, which can cause the timing belt to slip resulting in serious engine damage.Google+
Car Problem Reports
Acura Integra Distributor Squeal Can Sould Like Loose Belt
Acura Integra Problem
Engine Affected: 1.8L 4 Cylinder
Average Mileage: 166,633 mi (134,899 mi - 198,000 mi)
Visitor, 1991 Acura Integra, 1.8L 4 Cylinder, 167,000 mi
Also kind of sounds like a chain saw. It has happened twice. Distributor rotor very loud. Will have the shop replace it again. Car wouldn't start & shop replaced old corroded distributor & coil. Engine light has come on twice, but gone away. Occasionally car dies for an instant while moving from stop (jerks like you popped the clutch), then continues on fine.
Visitor, 1991 Acura Integra, 1.8L 4 Cylinder, 198,000 mi
Squealing sound from the passenger side of the car, I marked the distributor on any of the rotating parts before removing it. After removal I spun it by hand and it was hard to turn and felt rough. I replaced the whole unit with a new complete set including the distributor cap.