HAHA!!!! I JUST got done going through one of those engines EXACTLY like that motor.. Mine is a 74 instead of a 75....
Honestly, if there is about anything at all left of the points, usually you can sand em off clean and even again and reset the gap and they usually will run fine... You can also just get an E.I.C electronic ignition coil and do away with the points all together.. :thumbsup: