I concur with Tom you most likely have a poor or partially shorted connection in the distributor lower to upper plate. when you said you had 6 volts after taking out the distributor lead I knew that was probably the case.
Take the cam screw and cam off and rotate the upper plate till it comes out and you will find the pigtail upper to lower plate lead. Check carefully for the lead where it connects to the upper plate and how the terminal is bent. It could be shorting against the housing slightly or have a poor wire connection. I'm more of a fan of using a volt/ohm meter over a test light as long as you know how to use it.
Hopefully you have found it. Remember if you pull the lower plate you need to take the condenser out first. It's common for some to screw the terminal in too far and push the lower plate arm into the distributor housing and shorting... I like to use a piece of rubber inner tube glued on the inside of the housing at that area so it is kind of fool proof.
Hopefully you have found it!
Larry Shepard
Larry
Take the cam screw and cam off and rotate the upper plate till it comes out and you will find the pigtail upper to lower plate lead. Check carefully for the lead where it connects to the upper plate and how the terminal is bent. It could be shorting against the housing slightly or have a poor wire connection. I'm more of a fan of using a volt/ohm meter over a test light as long as you know how to use it.
Hopefully you have found it. Remember if you pull the lower plate you need to take the condenser out first. It's common for some to screw the terminal in too far and push the lower plate arm into the distributor housing and shorting... I like to use a piece of rubber inner tube glued on the inside of the housing at that area so it is kind of fool proof.
Hopefully you have found it!
Larry Shepard
Larry