Or you could step back, take a deep breath and then run down these simple diagnostics:
To test the ignition coil:
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TEST 1:Remove and invert the cap, Measure between the "TACH" and "BAT" terminals , using your DVOM, Set to OHMS scale, RX1 and be sure the scale reads zero ( 0.00) It should read less than an ohm, typically around 0.5 to 0.6 ohms. Anything less or more, replace the coil.
TEST 2: Set your DVOM scale to RX10k or higher. Touch the probes between the "BAT" and the carbon pickup for the coil. This reading should read between 6000 and 30,000 OHMS. Outside of that range the coil is bad, replace.
Also using test 2 as a reference, check for shorted to ground connections, by probing the "BAT" connection and the center terminal with your DVOM leads. There should be infinity resistance or OL on your meter. You can also check the "TACH" connection as well. Either way, if the reading is anything less than OL, replace the coil.
Further tests for HEI system (some you have already checked)
:
1. Test for power at the pink BAT terminal. You should have battery voltage w/ the key in the start and RUN positions.
2. Connect the ground side of your test lamp to the battery POSITIVE cable. Probe the TACH terminal on the dist. cap while a helper attempts to start the engine. The test lamp should blink repeatedly as the engine cranks. No blink= bad module or pickup coil. Further testing is required to pinpoint the problem. Blink but no spark = bad ignition coil.
3. Remove the cap & rotor. Remove the green & white leads from the module. Connect your ohmmeter to the green & white leads. You should have approx. 800-1500 ohms depending on the ambient temperature. Open circuit (infinite ohms) = bad pickup coil.
Wiggle the green & white leads as you test. Ohm reading should remain constant if the leads are good. If the reading varies as the leads are wiggled, the pickup coil is bad. You'll often find broken pickup coil leads this way.
4. DVOM (meter) still connected to green & white leads. Set your DVOM to AC VOLTS. Have a helper crank the engine as you watch the AC VOLTS reading. A good pickup coil will produce about 3V AC when cranking. Less than approx. 2V AC indicates a bad pickup coil.
I guess if everything above checks out okay...it's likely the ignition control module that's bad.