I think I might have found the source but not sure yet. I dissected the two burnt wires, they were IG2 and AM2. I covered them with electricians tape and re installed the switch and the truck started right up. I monitored everything closely and nothing got hot. I turned the truck off and did some other things and was going to go get some fuel. The truck would not start, same symptoms. So I checked the switch for voltage as I turned the key across the contacts and had nothing. So I removed it and got it on the bench and checked for continuity across all the contacts and everything is good there, but.... the contact I have pointing the red probe to (IGN2) and the black probe which is pointing to AM1, both are wiggle loose. I disassembled the switch and can't see a way to get to the contacts. Maybe internally theses made contact?
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