Cheap and effective is to do a dry then wet compression test on all cylinders. +1 for hearing valves is way better than burning them.
A crack in the dizzy cap can short out one jug, can be very hard to detect. Scrape the contacts inside the dizzy with a knife, small blade on swiss army knife is perfect for the task. Aluminium oxide build up on the post is an insulator. Pull the plug wires from the cap - clean and inspect the inside of the cap and the contact on the wire. Look at the boot end too.
A crack in the dizzy cap can short out one jug, can be very hard to detect. Scrape the contacts inside the dizzy with a knife, small blade on swiss army knife is perfect for the task. Aluminium oxide build up on the post is an insulator. Pull the plug wires from the cap - clean and inspect the inside of the cap and the contact on the wire. Look at the boot end too.