Managed to round up a condenser locally (paid about $9 too much for it) so I could at least try that today. No dice. I have the parts on order from the JD dealer (cap, rotor, points, condenser, coil and will get new coil/plug wires and plugs too - they make the wires there, no need to order them). I started looking at all of the plug wires and they are horrible. Corroded and connectors all bent up. They look like a monkey made the connections using childrens' scissors and a nut cracker for tools. The guy who I bought this tractor from was not too bright, his wife had to do all the talking, dealing and direction giving when I went to buy it so I think he did the cables (using his kids' scissors and a nut cracker).
Anyway, I have to go to the doctor soon and will be out of commission for a couple of days so I'll just have to wait until I'm up and around and the rest of the parts arrive.