IBenDcars,
In regards to your coil wiring....there is another way this could be wired so I don't want you to give up if you don't find the wires as I have described them. There is a different type of key switch that does all the routing through the ballast resistor without multiple wires on the resistor or the coil +. This system doesn't use a bypass terminal on the solenoid either.
If the wiring has been attacked by a previous owner, the best suggestion is to get a handle on how things are suppose to work and jump in with a voltage tester to sort things out. Using full battery voltage will not cook the points immediately, but it is something that should be ironed out.
Stuart