Got it running!

I think we found the reason for no spark - pulled down on the little carbon brush inside the distributor cap to make better contact with the rotor and then had spark.  Not completely sure, because as usual we were changing several things at once.  The car now has a good used set of points and condenser in it, plus we replaced the dainty wire inside the distributor (prior owner had used a thick wire which limits the movement of the timing advance mechanism).  Later we will likely put in all new parts for ignition to complete a full tuneup.

Here's a video of the car on it's initial run after being dormant for a long time.  Never did get the time period completely straight from the prior owner, could have been 20 years or maybe even 40.

The engine ran amazingly well.  Idled nicely, no smoke, valve clatter normal.  Good oil pressure, almost 40 psi at hot idle, and temp gauge read normal levels.  Clutch and transmission both seemed to work just fine.  The one glaring need is the steering has a huge amount of drag, I suspect the kingpins are almost frozen.  Looks like we will get to do some front suspension work.