Okay, I have come back with some more information. I checked to see the following:

Ground straps: There is ground to engine, ground to frame, and ground to firewall. The connecting points all appear clean.
Checked rotor for burn mark: This seemed promising, but the wiring appeared to be in top order. No wear was present.

Again not being familiar with wiring, I turned the key on and measure voltage at the terminal of the ballast resistor that is connected to the ignition side and noticed that the voltage was at 4.73 volts. Shouldn't this be up around 12 volts? Or is this normal based on the last comment by DennyW? I was getting zero voltage on the other side of the ballast resistor that connects to the coil, but I was not cranking the engine at that point, the ignition was just turn to the "ON" position. Any thoughts?