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Capacitor (Condensor) Test
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Condensors last a long time, but a defective condenser makes a huge difference in the spark voltage. 
Here's a good snippet from an Aussie manual for testing the capacitor - 
- Remove distributor cap.
 
- First, make sure the condensor is connected to the points properly.
 
- Turn crankshaft until the points are fully open (any cylinder).
 
- Disconnect the LT (green) wire from the coil.
 
- Connect a test lamp wire to the ignition coil terminal and the other lead to the distributor wire.
 
- Switch on the ignition.  If the lamp lights, the condensor is grounded internally and must be replaced.
 
- Now reconnect the distributor wire to the coil.
 
- Pull the main high tension wire from the coil, and with the ignition on, turn the engine over.  The spark should jump a 1/4 inch gap to earth.  If it won't jump this distance, replace the condensor.
 
 
  
                
                 
                   
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