Was running 3 years ago per PO (who believes that?) and left dormant....have gone through all the wiring to eliminate corrosion, etc. All electric connections check out with wiring diagram / continuity, etc. Due to the "chuckle-head" PO who snipped off plug wires to add "look good" plug wires, I changed the coils from another K2 I had...those coils were good so I have eliminated "coil problems" for the present time. I discovered this problem (no spark across points (both 1,4 & 2,3) when (in the dark) I could not see any "point gap spark" (with cover off) when I initially cranked it over a last week....
There is good continuity between the YELLOW of the contact plate and the YELLOW of the coil connection...same thing for the BLUE of the contact plate and BLUE of the coil connection. I am puzzled where I'm getting the "power" from that keeps the light illuminated?

Each set of points is set at .014 on the high lobe.
You help is really appreciated...
I'm beginning to believe that I may have somehow "hot wired" the contact plate when I was re-hooking up the harness...