Read the Awakening A Sleeping Outboard thread/file in the FAQ section of the Engine forum...it will put you on the right track: http://forums.iboats.com/forumdisplay.php?s=&daysprune=-1&f=31
It needs spark/fuel/air to run...getting those three in synch is not that difficult with the 50s motors.
Post some pics of the coils and mag plate. There's a safe bet that the coils are toast from sitting. If the insulation on the coils are cracked, then they need replacing. Clean the points really good too.
Then you may have bad points/condensor's, cleaning them doesn't always work (points that is). Did you pull the flywheel to do all this cause if so you should have noticed the condition of the coils?
the coils look in good cond. no split plastic and we dont know what to do know is there any special thing you have to do to start them like twist the throtle.
Nope, you should have spark at any point of the throttle being twisted. Start by replacing the points/condensor's. Like previously mentioned, a picture is worth a thousand words, could be a simple wiring mixup.
Compression is good. She starts fine, but one cylinder cuts out about every 10-15 seconds. My plan is to replace the points, condenser, coils and plug wires. Any other recommendations on how to resolve this problem would be appreciated.
Replacing all those components will resolve the problem. Make sure when you install the new coils they are aligned flush with the mounting bosses. If they are too far in or out, they won't work properly.
"one cylinder cuts out every 10-15 seconds". Hm.m.m.m.m, are you running that thing in gear, on a boat, on the lake? If you are running it in a bucket or barrel, the vacuum cut-out switch may be doing it's job. It's job is to prevent over-revving under a no-load conditon by cutting out one cylinder.
