One old trick is to do as Mike suggests and pop a spark plug into the wire and lay it on the block so you can see the spark. Instead of using a normal plug wire, plug into the coil wire. If it doesn't spark on cranking, you got no spark, period. You say you have power to the hot side of the coil. OK, put your meter on the other side of the coil - the one that goes to the ignition module, not the high tension output . Now have someone crank it over. If the voltage on the control (what used to be the points) side is zero - or any constant voltage - while it cranks, it has to be the ignition module or the power to that module. Mike explains how to find a shorted coil. This is the test we used to pull to find shorted condensors back in the good old days. If the hot side of the coil shows good voltage, the other power terminal shows a pulsing voltage you almost certainly have a bad coil.