[Otto68]

When you said "I ran a brand new power wire directly to the battery" you didn't run it to the dizzy did you? If you have a wire going to the battery from the dizzy it will never stop running cause the ignition isn't in the loop. It never stops getting power.

You will need to replace the resistor wire with a 12 gauge wire. The yellow wire coming from the starter will give you 12 volts during startup but once you stop cranking you will only be getting 9 or so volts through the resistor wire.

How do you like your dizzy. I have mine at 55 gap and it runs great. The only thing I wish I would have gotten the small cap it would have looked more original.