Let's take a tour through the ignition system-
Starting at the battery, we go through the main fuse through a heavy red wire to the ignition switch. When this switch is in the ON position, the black wire, or main power buss, is connected to the red wire and powers up the bike. The black wire goes up to the kill switch on the right-hand control pod (through a bullet connector in the headlight bucket). When this switch is in the RUN position, the black wire is connected to the black wire with a white stripe. The white stripe wire runs back to the coils (again, stopping for a bullet connector in the headlight along the way), where it is split with a double bullet connector to feed positive battery voltage to both coils. This takes care of the positive side of the system.
Now to complete the circuit we take a look at the ground. Each coil has a wire (yellow or blue) that attaches to the harness via a bullet connector at the coil. These wires attach to a sub-harness on the engine near the right-hand side of the air filter case via more bullet connectors and the harness will be strapped to the frame rail. The wires finally end up at the breaker points, where when the points are closed, the circuit is completed to ground. When the points break, the primary current is cut off, the magnetic field in the coil collapses and induces a charge in the secondary coils, and you get a spark.
Your coils sound fine. They are usually bulletproof on these bikes.
So, after looking at the whole picture,
-Do you have battery voltage at the coils with the key on and the kill switch on? (If not, look for broken wires or dirty bullet connectors or bad switches.)
-If you have voltage to the coils, Do the points make/break continuity at ground? (If not, check for shorted wires, which can happen if the engine was re-installed and the wires to the point were pinched on the frame, dirty connections, shorted condensers, bad points).
If yes to both of the above, check the plug caps. If they measure out of this world on resistance, replace them. They are easy to get and in my opinion, cheap insurance. Also, when checking for spark, keep in mind this is a "wasted spark" system, so plugs 1-4 and 2-3 have to be grounded together in order for it to work.
Let us know what happens.