Ok, I have an update...
1. The car is positive earth. I used an ohm meter and found that the chassis terminal had continuity to "B" on the regulator module (R340). This matches the schematic for positive earth. If the car had been converted to negative earth I would have expected the polarity to be flipped. (Edit, I previously called the chassis terminal negative, which was unknown prior to the test)
2. Engine cranks good, ignition light near tach comes on but no spark (all plugs pulled and sitting on valve cover). Next is to check coil power and then points. Maybe check compression to make sure rings are holding while I have the plugs out.
3. I got to the top of the gearbox but didn't take the shifter off. Noticed some very sloppy welding around the floor pans. I am guessing that the transmission rebuild from the 70's involved some very tacky sheet metal work to avoid pulling the engine out.... see the pictures. It looks like the floor pan was cut all the way around the transmission / belle housing with a die grinder and then riveted & MIG welded back together. When I get into the gearbox, I'll probably start a new post with a complete description and pictures of resolution.
