I finally got the clutch problems solved and she was running fairly decent until.....
After a day of running errands about town, I went to start it and she started OK, but wouldn't run right. It acted like it was way to rich. I figured that the float was stuck or something carb related. It also backfired a little too. Anyway, it was dark out so I called my son and we pulled it home. The next day, I popped the hood and there was black goo sprayed all over the engine compartment! The source appeared to be the coil. The top of the coil was covered in black crud and goo, and it had also dribbled down on top of the starter. The smell of burnt rubber was very strong.
I pulled the coil and it said (under the crud) "To be used only with an external resistor". Well the PO apparently never put in a resistor, because I can't find one! Did this coil fail because of there not being a resistor? I've never heard of anything like this happening before. I guess I need to get an internal resistor coil to make things right. Or, are there other things I need to look at too?
By the way, it is a '59 235 engine, if that makes any difference.