I started with the same problem, and now have it started, but it lacks power under load. A friend of mine found a bad relay from the power switch to the coil. We bypassed the relay and it started. I have since replaced: coil, dist. cap, points & condesor and plugs & wires just trying to get the power up. It seems to run fine until I put it under a load, then it wants to choke out and will if I don't remove load.