I'd take off the coil neg pri wire and ground this coil terminal like Morse Code and see if the coil wire held 1/4" from ground sparks (check w ign "on" and "crank" (take off solenoid wire 1st to disable the starter). I would get the timing marks @10 BTDC #1 compression then set the reluctor dead on the magnet slot, recheck the plug wire firing order and w all that cranking I would regoop the cam lobes/lifter bottoms