Pretty sure the Flame thrower II coil is not compatible with point ignition, you will need the flame thrower coil with points. To bypass resistor simply attach all wires of the resistor at a single location, but I would recommend getting the correct coil for point ignition and running the resistor OR changing to EI ignition and you still may or may not need to run the resistor, depending on which kit you choose. Points ignition normally like around 7 volts to operate correctly.
open the pdf it states clearly that II is not for points...
a spoon-shaped eating utensil with short tines at the tip