It Runs!

 With some help from Clay we determined there was indeed spark, perhaps helped by resetting the points again and filing them clean.  Cleaned up spark plugs.  Freed up dampers in carbs and added oil.  Sprayed ether into carbs.  Little blip of the throttle (by hand, throttle cable rusted solid) and the sucker took right off:



Idles very well, no major coolant leaks.  After several minutes it got pretty hot, we suspect the thermostat is stuck.  New thermostat and throttle cable, then we'll run it some more.  


Compression, as expected, is getting better - now 120/120/110/90.  We also adjusted the valve clearances to 0.018 cold.

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