I know the OP got it fixed, and I'm seeing this late but for anyone that reads this and is interested in knowing, we do quite a bit of work on squares and other older GM vehicles at the shop, this is how we would troubleshoot a problem like this. If the symptom is stalls and won't re-start or re-starts later, something of that nature and it's not a fuel issue. We'd attempt to test the module by looking at dwell, but even if the module passed testing if it looked like it was age old we'd replace it and retest, in the OP's case of a melted coil we'd do module and coil. If after that it still did it we'd replace the entire distributor. We are talking about 40 year old rigs here and after all that time and mileage there are to many what ifs and potential marginal parts, sloppy bearings, worn gear, pick up coil, advance springs. not that all of those things will cause a stall out, but once you have replaced the easy stuff, it's better I think for long term reliability to just replace the distributor. A/C Delco still makes them new, if for some reason we can't get one quick enough Duralast Gold New (not rebuilt!) units from autozone have been great as well.