Did I slip a tooth?

I'm confused............Set the thing up as close to possible as RUNNING. That means if necessary, pull the distributor so you can turn it by hand and see if that generates spark. If it DOES then YOU HAVE A

bad coil wire (high tension wire from coil to cap)
bad rotor (spark "punch through" to shaft or other problem)
cap is so wet and so carbon fouled that it acts as a short......doubtful but could happen and HAS