I shouldn't have to, but I will spell it out, as you only reported 25% of what data is needed.
You have to report 4 voltage readings across the point contacts when the key switch and kill switch are both enabled (in run mode), and with a fully charged battery.
1.4 points open _______
1.4 points closed _______
2.3 points open______
2.3 points closed_____
This is to verify the points are able to function in the circuit.
The next step is to verify that the points are electrically connected to the coils at the blue and/or yellow terminal.
The points control current flow through the coils, provided it's primary winding is intact and connected. I believe you previously reported ~ 4.7 ohms measured on each coil's primary when disconnected from the bike. Please verify this data point.
Sparks at the points are NOT wanted, though they might give an indication to a lesser problem to be addressed after we know some of the fundamentals are in place and reliable for your specific bike.
Have you checked both the gap when fully open and the static timing of the points? What procedure did you use?
imo, you have wasted days, being in a hurry. Have you other distractions stealing your time and focus?