Normally you would tap the starter and watch the points open and close at each lobe of the shaft. A helper to crank while you look or a remote start switch. Or turn motor by hand. Sometimes if lobe lands on the points follower just right, you can move rotor back and forth to see points open. Setting the gap is VERY important for a no spark situation. So you need to do that. Your motor is in the sort of computer age of ignition as I look at a 1982 diagram. That leaves me out of any further help. Was hoping for 60's 70's model. I am not an expert on Toyota, but older ignitions are the same on any vehicle. If points look good, do open and close and are set to specs, I would normally suspect condenser but not sure all about the 80's stuff.
1. You have said many components are new and there is 12V at coil.
2. You say it ran.
3. If points are not pitted/worn and set, then...
4. If you indeed tested a spark plug for spark and you did it properly, with key on and no spark. then....
5. Condenser or timing or some "igniter" or ECC module or other new school item is bad..... out of my expertise.
6. Observe spark in darkness, even a weak spark would tell us something.
7. FJwagon said gap .16, I'm sure he means .016
8. I don't think I would spray WD40 on anything. If points not opening, analyze for a while. Be SURE rotor is turning. Check rotor contact. check cap contacts. If nothing apparent, get new points.
9. You say no spark at HT lead. Exactly where and how did you test that? At coil? At distributor? What method/technique? Where did you expect to see a spark? Between what and what? Be specific. Then do the same explanation for the spark plug test.
10. If you do not know ignition or wiring or Toyota systems............stop dreaming up things to do. You will case extreme damage. You need advice/service from experts or mechanics.
11. If you continue to answer these questions, we may or may not get somewhere. If not checking for voltage or spark. DISCONNECT negative battery cable while doing work.