The points are simply an on/off switch to control the current flow through the coil primary. The condenser acts as a shock absorber to shunt the 100+ volt surge created in the primary winding by the collapsing magnetic field away from the points momentarily to prevent point burning. Neither one makes much of a difference when working on 6 or 12 volts.
Adjust the points to the specified gap (.016", I think) with the rubbing block on the high point of one of the cam lobes. That should allow the points to stay closed through about 2/3 of the distance between high spots on the cam. That's when the magnetism in the coil is building up to provide a spark the next time the points open. The spark happens just as the points break. With the BB on the flywheel aligned with the pointer with the engine stopped, turn the distributor housing clockwise until the points close, then turn CCW until they barely open. Lock the adjustment down- - - -the timing will be set close enough to start the engine.
Now take the #1 spark plug out, plug the hole with your thumb, and have someone tap the starter pedal a little at a time until a puff of compression blows your thumb off the hole. Remove the distributor cap and find which cap tower the rotor is pointing toward. That's going to be the place to put the #1 spark plug wire. Follow the firing order clockwise around the cap- - -5-3-6-2-4. The timing and firing order are set- - - -the engine should start. Have fun!
Jerry
