Slant 6 no fire...

Voltage regulator on the firewall. 5 bucks.

has nothing to do with spark... car will run without a voltage regulator until the battery dies

Oh no Moparkid, it will not hit with gas down the carb. Car was running fine before the fire. Like I mentioned earlier, think it might be the pick up in the distributor?

ok if you have no spark, but have power to the coil we can work with that.

first thing i would do is pull the cap of the distributor and crank it, see if the rotor is turning.

second would be to verify (ohm) the wires going to and from the ICU to make sure none fried and are touching each other.

at this point it could be a couple things, ICU, wiring, distributor gear, pickup