Thanks for the help Bob, I Tried the opening the points with a screwdriver and having a grounded spark plug, and could not get a spark.
I borrowed a coil off a similar engine and put it on the 4 cylinder engine and had the same luck with the screwdriver. I then took the coil wire and held it a 1/4 inch or so from ground and spun the engine with the starter motor. Had plenty of spark. I am now up and running but one coil short.
I now understand how the ignition system works sort of. The points act as a switch, but how does the opening and closing of the switch make the coil fire? Thanks again Bob I need that chipper off and on all summer.