Sleepy, where did you get your coil? I got a CKO (chinese knockoff) because an OEM one is several hundred dollars. Installed it last night. It performs exactly the same as my OEM maybe a bit worse.
Spooky Bermuda triangle stuff going on with the points and the ground before we got it to run. When the points close, it should ground out, collapse the field in the coil, and cause it to fire, but we were getting no ground through the signal wire (but ground on the points everywhere when they closed.... EXCEPT across the signal wire). We replaced the signal wire, but still no ground. I have no idea how its working at all, to be honest.
Hardwiring the battery (even though it has full 12v through the switch at the coil) is the only thing that made it a runner. I'm wondering if I need to run an auxiliary ground wire from the battery to the points or near the points instead of just an engine case ground near the mount.
I still have the 12v wire from the ignition switch hooked to the + terminal IN ADDITION to the direct battery connection. I wonder if there is a short to ground from that terminal that's causing the issue. I wonder if it runs better if I disconnect that terminal.