Another will not start post...

Yes I have read every similar post I could find here and other sites and have performed most of the tests suggested and it still won't fire!
Background info:
Bought the car 10 days ago, it's a 1964 with stock Slant 6 motor, ran pretty good. Drove it 140 miles round trip last weekend to a car show, came home no problems.
Decided to check plugs etc....just to familiarize myself with the slant 6 (it's my first one, all others have been 440 and 383's).
Followed advice on removing plug washers before re installing (NGK R4's).
Went to start it, would not turn over, but had power, shorted solenoid, it fired right up, replaced Starter Relay and now it cranks over but will not start.
It is getting plenty of fuel, so that's out.
Checked Ballast resistor, reads 1.4
Checked ohms at Coil, read 1.2 and 10,500 or so.
Put the light on block ground and + at coil, light comes on, but then, when cranking engine, light stays on, does not blink on and off......Could this indicate distributor problem?
Checked all wiring, nothing loose or broken that I can see.
Brand new Battery.
Newish spark plug wires,
New rotor,
New distributor cap.
"Older: electronic module in distributor...see pic
I am by no means an expert on electronics or anything else for that matter, just know enough to get myself into trouble.
What else can I do, I am going out of my mind trying to nail this one down!

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