Like John T says, the coil getting hot and the points burning out indicates excessive coil current. (The coil should become just slightly warm after a long run.) Wiring a ballast resistor in series with the coil primary should solve both problems.
Incidentally the condenser on the coil bracket is not needed. Some older cars used a second condenser on the coil; also sometimes on the genrator, alternator or voltage regulator. It was provided to reduce RFI (static) on the car's AM radio.
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