Older HEI's have a known failure mode. The pickup coil wires fracture and go intermittent, then break totally.
Check if you get spark at all. If not, unplug the pickup coil and check if it is open (high resistance).
George
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"...out to my ol'55, I pulled away slowly, feeling so holy, god knows i was feeling alive"....written by Tom Wait from the Eagles' Live From The Forum
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