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$250 seems high coils are cheap I use the ones from China with free shipping if you are not in a hurry, boots to ground must read 4-7 Kohms (approx.)
carb may need just a good scrub.
points can be touched up condensers I agree.. they are likely bad under stress even if basic testing seems ok
timing set up costs nothing if you are handy with a voltmeter … not complicated at all !
if the gearcase shows no water intrusion just drain and replenish …few $$ If it does check utubes for good coaching
if you find a good modern 2 pin side fuel connector you can convert it to a regular single hose fuel tank 1960sand up have fuel pumps vs pressure tanks
It all depends on your intentions to just rejuvinate or use it as a good fishing kicker with little cosmetic investment
this book helps…
just check compression before you buy….. 75-80 psi upwards has been ok for me. – the rest you can probably fix up with coaching and used parts if need be . it is a fun hobby .
Joining AOMCI has priviledges 🙂