[sugarmaker]

Basic idea is that if you have fuel (Double check this please, it has got me a could times),
and you have sparky at the plugs, and you have compression which it soulnd like you have. Then in theroy it should run maybe not well but it should pop!
Next would timing tio get it running right.
You mention coil and spark. Do you have spark at the points? Do you have spark at the plugs? Both of these have stopped me in my starting tracks over the years also.
Fuel, good flow into the carb?? Or the opposite, could the carb be flooding the engine?
I just had one do that on my fork lift. The carb needed cleaned due to dirt in the tank and lines. Had to pull the carb., clean the openings and it started right up.
I dont think you have a timing gear problem. If it was gone you would not have even compression in all cylinders. You have that. You have compression. Check that one off the list. Go back to fuel and sparky and when those are in working order she will fire right up. Your almost there! Let us know.
Regards,
Chris