I wanted to give an update;
The old girl actually does not have a condenser at all. Should it? When I took ownership of the truck, besides the ignition, literally nothing electrical worked. At this point, everything but the main engine harness from the firewall to the engine/starter I have fully custom rewired as per the diagrams in my book.
While under the hood today, it hit me. At some point, in its life, someone converted the truck to 12v via whatever method they though was right, and it ran, somehow. I took close photos during the teardown and then during the reinstall, hooked it all up as per the way it was without even thinking. The ignition is hooked to the starter where the main coil supply wire is then jumped from the starter reserve straight to the positive on the coil without any ballast resistor, which has been pushing a full 12V to the points as opposed to the 9 it should be. The failure is likely in the coil (will replace with new) or in the points (hopefully not, they are brand new) because of this.
This has all flown over my head up to this point as I have followed the factory book, which having just dawned on me today, is for the old 6v system, and not the 12v one. Ill have a new resistor tomorrow and pull the cap off the points to inspect before installed the new coil and giving it a shot.
Serious gratitude to those who steered me onto the ignition route. Even if its not the problem at hand, it is a different problem that requires my attention which it has now gotten. Thank you all. I will report back with what I find.
Last edited by HFfarms; 08/05/2020 1:07 AM.