Since plastic wrap did not exist until sometime in the 60s, you must have a later additional insulation. Before that, the vapor barrier was usually an asphalt felt. It is difficult to give a really good answer to your questions without knowing what the rest of the house looks like. However, I don't think your retrofitted plastic wrap can cause any major problems. The best principle is probably to try to keep it intact. As for electrical wiring, which is not my specialty, I think they usually try to keep it on the warm side. Tape it well, and at least you haven't disturbed anything.