Ok, with the engine now all wired up, on its new stand, new battery, wired up properly, etc...I started digging into what's going on with the no spark issue.
As far as I can tell...with the points open, the tester light lights up when attached to the negative side of the coil and I ground out the tip. (Shown in the video). With it closed, and the tester light on the (+) side of the coil and grounded out, it lights up.
I think that part is all good. The problem is from the cap to the plugs...whatever that could be?
http://youtu.be/oOUKmBjet2c