This project has been on the back burner for quite some time. I was going to start a new thread but since I was the original poster, I figured I'd just add to the existing content.
I could not get the motor to run more than a few minutes before it died and would not restart. I elevated the fuel tank on a step ladder to rule out a fuel feed problem. I then checked for spark - no spark was present. Since it was in the fall, I drained the water and carburetor, sprayed fogging oil in the cylinders and put the motor away.
I knew there was something wrong with the ignition since it had spark when cold but not after it ran. I pulled the flywheel last night and immediately discovered what was wrong - the coils were all cracked and arced. I ordered points, condensers, coils and plug wires. I bet the coils are original to the motor.
The strange part is the points in the upper left of the photo were so out of adjustment that they did not even open or if they did, it was nowhere close to .020"