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Wanted to close the loop on this.
Swapped flexible ground strap, no change.
Replaced lead in wire, stud, and insulated power wire to points with a later model one piece assembly (eliminates a failure point). No change.
Noticed I had more resistance at the rivet holding the points together than anywhere else in the grounding circuit.
Swapped the new GP branded points for a set of NOS Ford points and it fired right up.
So, too much paint interfering with grounding and a bad set of points. Circuit had continuity but couldn't flow any current...