Thought I would let you all know how things turned out. First off a big thank you to Vinny, Jeff, dhoward, Hugh and John70t for taking the time to help me work through the problem.
Jeff was first to make the correct diagnosis, the new coil I had purchased did not have an internal resistor and was the reason why my points burned up. I got another coil clearly marked "no external resistor required" and some new points. The Willys Wagon is running like new again! Whoo hoo!
Gratuitous photo:
Engine photo:
