With a 0.7 ohm load at 12 volts, you draw about 17 amps. That's for one coil. The main fuse is 15A. Even if the fuse doesn't blow, you'll melt the points in a few seconds, the contacts and connections are not capable of that much current. I can't recall if the CB360 has one or two coils (360 vs 180 crank)
There are lots of more normal resistance coils around, but they are usually pretty large. Is there a reason you don't want to use stock ones? Dyna has 3 ohm miniature coils. With a 3 ohm coil you can add a ballast resistor if you want a 5 ohm (stock) load, this will work OK, but a 0.7 coil will not work with a 4.3 ohm resistor.