Ok, more thoughts.

If you have a fuel smell at the tailpipe while cranking, it is injecting fuel.

We need to test the coil. Ignition on, coil plug disconnected. connect the coil connection that goes to the black/white wire to 12v from the battery using a jumper wire. Using a second jumper wire, make and break the connection from the other coil terminal (the one connected to the white/blue wire) to ground while holding the cap end of the coil wire with a paper clip in it 1/4" from a good ground and observe for spark.

If this tests ok, time to test the power transistor.

POWER TRANSISTOR
the power transistor has 3 terminals. With the catch at the top, they are 1, 2, and 3 counting from the left.

Connect the negative (-) terminal of the 1.5v power supply (AA battery) to terminal 2 of the power transistor, then check whether there is continuity (ohmneter used here) between terminal 2 and terminal 3 when terminal 1 and the positive (+) terminal are connected and disconnected.

The power transistor is an electronic switch which makes/breaks the connection of coil- to ground. When 1.5v is applied to terminals 1 and 2 (neg to 2, pos to 1), it opens the switch and there should be a current path between 2 and 3 (ohmeter shows some small resistance). When the current to 1 and 2 is interrupted, the switch is open and there is no connection between 2 and 3. When the engine is running, the ecu breaking the ground circuit by removing power from 1 and 2 causes the mag field in the coil to collapse, generating spark.

If the coil and power transistor check out, it's time to test the distributor output (crank position sensor inside the dizzy). I don't have the test procedure for this, but it's been posted on here before. I know the red wire to the dizzy should be 12v+. I think white and green should have pulsing voltage while cranking, one faster than the other.