To answer best as I can Dr C:
New fully charged battery
Alternator is same Delco 35 amp I had on other engine, putting out about 13.6 volts
Read 13.6V at coil static, haven't checked while it's running
Put a jumper from battery direct to coil 13.6V
Coil is used 12 volt taken off a 8N Ford tractor, I had thought it was getting hot causing problem on tractor so replaced it, turned out not to be the cause.
Plug gap is about .035, I had set them to that for the points and haven't reset them yet.
Didn't get a chance to work on it today, maybe tomorrow I'm going to put the points dizzy back in and try it again. If that works, I'm putting my 4bbl back on to try.
I have began to think something is amiss in the HEI, pickup, module, something that works weakly at low RPM's, just enough to fire it off but not enough to keep it going until it spins faster. I mean, when you start letting off the pedal, it gets down to around 2000 rpm, it just shuts off like you turn off the key, and with it spitting gas out as it spins down, the fire has to be out because it doesn't even pop out the carb or exhaust, it just quits and spit gas back out. If there was fire there, it should spit a fireball. It's a magnetic pickup, maybe the magnet is too weak?