OK, so you have spark at the coil, but the distributor is saying "Sparks check in, they don't check out." There's a fairly narrow list of things that can cause spark at the coil but not making it to the plugs.
- Distributor cap
- Rotor
- Spark plug wires
- Timing so far off that the spark can't make it to either terminal
So I'd check to be sure there isn't some sort of issue preventing the rotor from making contact with the distributor cap terminals first, and also check the spark plug wires for breaks, bad crimps, and the like.