It has spark. I removed the distributor and bench tested it, replaced all the bits that needed replacing, achieved a spark between the points. This required a new coil as well, I bought a very cheap NAPA coil that tests below the resistance required (range in the 2's versus 3's) but it's enough for the "can it even run?" experiment I'm conducting. I haven't worked on points in a while, this one had the moving point welded by time to the fixed point. I was happy to see the vacuum capsule works well.
I may stop the engine work and move to removing the whole thing, it has a transmission fluid leak and I'm not sure the carburetor can be recovered without a rebuild. A rebuild that would exceed the cost of a replacement. I know the removal of the powerplant is inevitable, I just have a strong desire to get it to run.