Just some notes on 6V pos ground systems as I own one and fortune would have it that it has needed almost nothing in the 41+ years I've owned it - original 61 YO coil and all!
Just checked mine as it caused me to wonder all over again. Wire to dist. show "pos" with test light and I could read the coil itself for markings but that clearly means the + (pos) on coil goes directly to distributor.
No ballast is needed on 6V ingitions - that's to reduce voltage to 6V for 12V systems once running to save points if I recall which is getting old too

* By that you should see full votage to points when cranking and part voltage when running if thru a ballast resistor. Less than 6V probably won't fire.
If somehow "ballasted" right at the new coil it may need to be removed or another used. Any coil from any 12v car with points that I know of could work - untested but told so.
Battery cables: Don't use anything but FINE STRANDED ONE GAUGE WIRE. Seek real copper even with the higher price. Ground can be a massive braided strap and gauge counts big time in 6V systems - the real reason for 12v was it only needs 1/2 the copper.
Compression: If it ran a few weeks ago it's probably fine. The exact pressure could be elusive but I'd guess you'd see about 120ish on fourth compression stroke, increasing from the first to that. It would be momentarily higher while under operating speeds.
The slow cranking: Normal! It's flaming magic to me how an engine cranking so slow will start but they do??
Point gap guess: .016 or .017 - shouldn't be fussy - know that gap gets smaller over time and timing advances as it does that. Minimize that by applying a smear of dielectec (silicone) grease on leading edge of nylon that rides cam for points - NOTE - LEADING EDGE! You may find points with a felt oiler on wrong side for something newer by now.
More notes on pos Ground: Everything will test with test equipment for 6V in this case if you just keep in mind everything we now normally think of as ground will show positive. Mind warp but is so.
You can jump start 6V vehicles with 12V batteries AYOR but leave anything with light bulbs or if with a radio OFF. Starter itself can take it no problem and will spin like nuts!
My own is a GM based block custom made for John Deere using Delco named parts everywhere which is handy now. I've never converted to 12v as it never gave me enough trouble to bother. Also never went to negative ground as starter drive would need to be changed and not sure if I can find one so easy.
A must have if you don't!! :: Right now at WallyWorld they sell a 6 and or 12V "Battery Maintainer" which does do float mode even for 6V batteries! I've seen them for ages for 12v but was just on or off when put to 6V. This one will float - meaning you can just leave it on and it will come on and off by itself as needed using insignificant power to just leave it on. This is a charger but just at a very low amp rate. I've never been able to get a good two whole years out of 6v batteries with the random use my own gets - can be many, many months without touching it. Like any lead/acid batteries drained to flat don't like it AND if it gets caught in cold that way they absolutely do freeze and can self destruct - even crack the case!
Good luck. I can check my own original ign set up to compare which way what goes again if you are unsuccessful at getting it running. Should be all the same concepts,
T
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Tom Greenleaf - MetroWest, Boston
http://acsource.net/acforum/index.php
(This post was edited by Tom Greenleaf on Dec 24, 2008, 9:21 AM)