didn't see which dizzy you are running, but if it's a points type, those old coils had oil in them, and they do go bad, perhaps the windings are breaking down when it gets hot, if grab the coil and it's real hot to the touch, (and it could be smoking hot too) that might be part of the problem. I also had ignition wires that would ground out intermittently, and I chased my tail trying to find the problem because I ruled out the wires since I had just replaced them, it was only after I used the ohm meter to check the resistance per foot, did I find the problem....one of my "New" wires had been touching the manifolds
I have also seen HEI distributors "Burn/ Arc" the tab off the top of the rotor!
good luck chasing this down!
Ben
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