SOLVED!....sort of. Where's there's spark.. there's no fire!

MEXICOWANDERER wrote:
...Verify the engine has not jumped cam timing FIRST. Then proceed on to more esoteric checking.

Roger that, gramps. Wilco.

2 wires coming in to cap. 3 going back out to distributor base.

Of the 2, one is red and the other is white. I had 12.8V at the red. Zero at the white. There was never a tach in this rig, but perhaps it was standard to run the white wire in case someone wanted the upgrade.

What did you think of the cap electrodes?