No spark- what am I missing?

Ok, yeah that is close enough so that it should run.

The next best step is to try the pencil test or the ground jumper test and see if there are sparks from the coil. (You can even just rotate the engine so the points are open, turn the ignition to RUN, and short the points with a screwdriver and then unshort them, and look for a spakr from the coil.) That will narrow this down to either the coil or back to the ignition switch, or inside the distributor.