Ignition Circuit Voltage Drop…where to from here?

Ok, did some measuring and I think I found what you pointed out.

I bypassed the bulkhead connector and replaced the ignition switch at the column about a year or two years ago when I did the ammeter bypass.

Measurements made with key in RUN, and engine off:

1. Battery+ to IGN1 at ballast (bottom left, from firewall) = .6 volts
2. Battery+ to IGN1 at ballast (top left, jumpered connection, to EI connector) = 1.0 volts
3. Battery+ to blue wire at alternator = .5 volts

Does it seem like my problem is linked to the connection at the ballast?

I did notice that, even with the key in run - the ballast resistor was getting hot (is that normal?).