Check the dissy sig generator with ohmmeter. Should see something reasonable, like 140ohm.
When they die, they either break the hair fine wire and read OC, or they short internally and read 0 ohms.
Is the distributor actually spinning? Crank the engine with dissy cap off and verify that dissy is turning.
On the ignitor there are 2 plugs connecting to body harness. One is +12V from IGN, the other is tach output. If the tach wire is grounded in the harness it will ground out the ignition. Disconnect tach wire and try spark testing again.
HTH