... and the 0.11 volts with the points closed indicates one or more ....
a. poor wiring or a bad connection from the coil - to the moveable arm of points
b. dirty/corroded points (most likely)
c. the fixed part of the points not getting a good ground
Probably won't make much difference until high RPM, but if you fix it now you won't have to worry about it later.
'57 GMC 102, Original 347 V8, HydraMatic, 3.08 rear gear, added A/C, disk front brakes, HEI, AFB carb, '98 Honda Black Currant paint. T-boned and totaled 10/12
'52 GMC 152 Stake Bed, Original 228, SM420, added A/C, HEI, disk front brakes, '67 Chev 3.55 rear gear. Gets used as a real truck.
| 
