Even though you may have voltage at the coil + post ,,,you may have high resistance and not allowing high current flow.Clean the terminal and do a resistance check of the wire. Remove the spark plug, ground it to the head and see if you have a good hot spark when the engine is turned over. As far as the bypass valves leaking. This is common. The "O" rings get brittle and start to bypass fluid. You can take some aviation skydrol and apply a few drops to the poppet , depress it a few times then let it sit for a day. The skydrol will swell the "O" rings and buy you some time.. Do not get the skydrol on your skin and never get it near your eyes. Acetone , mixed with brake fluid will work almost as well. Keep us up to date on the ignition problem.
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