pull coil wire out of dist & hold it 1/4" from the intake (ground) & have a helper crank it with the key & see if you get a healthy spark (the more bluish the better). did you say the AP is squirting & the choke is set right (not too tight not too loose). EDIT kind of a stretch but is the gas fresh. also no vac leaks (no stretch there). what is your initial?