should not have any sparks jumping the points, your condensor has gone if it does!!
the points share a live feed which when closed "charge" up the coils.
to check your coils 4 ohms and 9.5k ohms should be measured on your coil wiring +/- 10% or swap over if one side is working.
I had problems with my bike bogging down under 5k revs and then trying to go over this. new plugs (iridium) cured this.
did you use the correct timing marks on the rotor? always use a strobe as when you tighten up the points the damn things shift, so i have to compensate so when it tightens up they are spot on.