I concur on this one. If the ballast resistor fails, you will only have power to the coil and thence the points when cranking the engine (there is a small connector on the solenoid with a wire (blue on mine) running to the coil). It is energized only when cranking. You can test for voltage on the end of the ballast resistor most distant to the coil with the key turned to the run position. Power to that point will tell you that the key switch is ok for that function, then look for voltage on the coil side of the resistor to see if the resistor is ok hence passing power through it. If the resistor is bad, you can temporarily put a jumper on it to start and run, but if you run that way long (hours) you will burn your points. The ballast resistor was intended to drop the running voltage to the coil from 12 volts to ~ 6 volts, minimizing arcing when the points opened, where the voltage at the points as they open is actually ~ 100 volts due to the electric field collapsing on both the high voltage side (i.e. to the spark plugs) and the low voltage(i.e. to the points) windings, hence the tendency to arc a little and burn the points . The ballast resistor is a ceramic block about 2" long and 5/8" square mounted near the coil.