my current project/heap also had no spark, not registered since 2005. i fully charged the battery, cleaned/gapped the points, had v at the points and at the coils. tested the coils - yikes, all dead. 2 busted wires plus 2 faulty caps = nada.
i'd check these things first.
-- charge the battery overnight
-- clean both ends of the battery connections
-- clean the wiring connections to the points
-- clean/gap the points
-- check v at the points
-- check v at the coils
-- test the coils, with caps
-- new plugs