You should start with a fully charged battery, 6.4 The coil voltage
should be battery voltage with the points open and 3+ to 4.5 with
the points closed. You can jog the starter to open and close points
and tell by the voltage whether they are open or closed. If you have
battery voltage at the battery side of the ignition switch and it drops
at the switch side of the resistor you have a loose connection or dirty
switch. It won't start with less than 3 volts at the coil. G.M.