Ahh! Thank you!
Got another one: I was using a continuity tester that emits a tone when there's continuity.
Putting one probe to ground and the other to where the blue/yellow wire connects to the points (with ignition off), I get a tone when the points are closed, showing there is continuity, but I also get a lesser tone when the points are open. The lesser tone continues to emit even if I pry the points wide open with my finger.
Is this just a quirk of my tester? Or could it be indicating the points assemblies are not adequately insulated?