Re: 1960 Sea King 35hp no spark
You need to pull the flywheel to get at the "works". Certainly needs points cleaned or replaced, and probably coils are cracked. You need a puller such as a vibration damper puller from the auto parts store. Don't buy an el cheapo one, it is not up to the task. Also get three 1/4-20 Grade-8 bolts to go with it. Remove the flywheel nut, screw in the 3 bolts 7/16", no more-no less. Then give it heck. When you think you are surely going to bust something it will pop off. If not, lift upward on the flywheel and give the center puller bolt a whack with a hammer. Not a sledgehammer, just give it a sharp whack. It's the shock that does it, not the bash.
If replacing the coils, align the laminated core ends with the machined edges on the armature (mounting) plate. Set points to .020" gap at widest opening. When replacing the flywheel, the shaft and flywheel tapers must be clean and dry and use a torque wrench to tighten the nut to 60-65 ft/lbs. If you ignore this advice, you surely will shear the flywheel key and destroy the shaft and flywheel.
They have points, condensers and coils right here at iboats