Hi Shannon,
I believe you have done exactly as our Postie did this week, I gave him a Magnatron coil and he soldered the existing points wire to the terminal on the coil. This kills the spark. Those 2 wires need to be cut off and discarded. That terminal on the coil has only one purpose and that is to go diretly to the kill switch on the carby throttle bracket. Initially just cut the wire off and you should now have spark, then you can worry about the kill switch wire, it has no other purpose than to shut the motor down.
