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Corvettes have a resistance wire(white fabric looking wire from distributer to engine harness),probably shortened at one time allowing to much voltage to points.Three easy fixes,one,replace resistance wire with new one,two,get a coil with more resistence(some older coils have3.3 ohms of resistence i.e.61 Rambler.three,replace resistence wire with 14 gauge wire and install electronic ignition,H.E.I. Pertonics,Msd.They run on full voltage.
From: Melbourne, Fla. 6 months- New Middletown, Ohio 6 months
It has been a long time since I had a point problem but I recall that if you had a buildup of metal on one side of the points it indicated a problem with the condenser and a buildup on the other side of the points it indicated a problem with the coil. I am sure someone here can elaborate. Not sure if this info will help you but it may.
From: At my Bar drinking and wrenching in Lafayette Colorado
There are only a few things that will cause the points to burn:
Failure to use the resistance wire. The '71 uses a cloth-wrapped resistance wire which serves the same function as the old ballast resistor. If the wire has been bypassed or altered, the points will burn. If this is the case, install a ballast resistor in its place.
Bad condenser. Replace the condenser with NAPA part number RR175
Dwell (point gap) grossly out of spec. Set dwell to 30-31 degrees.
I would pick up a points eliminater kit. Screws in very easy, set gap, run 12v ign. to it and forget it. No one will ever know because it all under the cap.
There are only a few things that will cause the points to burn:
Failure to use the resistance wire. The '71 uses a cloth-wrapped resistance wire which serves the same function as the old ballast resistor. If the wire has been bypassed or altered, the points will burn. If this is the case, install a ballast resistor in its place.
Bad condenser. Replace the condenser with NAPA part number RR175
Dwell (point gap) grossly out of spec. Set dwell to 30-31 degrees.