SUCCESS! I was able to get the engine started today. Finally got the courage to go for it. About 40-45 pounds of oil pressure - well, I saw the needle go above 40 and I was busy working the carburetor to keep the engine running. The alligator clips (probably 16 gauge wire) from the battery to the coil seemed a bit warm, maybe hot? Is that normal? And the coil felt warm too. I did not use the ballast resister to the coil since I was only going to run the engine for 10-15 seconds.