So I took your advice, Charlie, and got another coil. There were some improvements, but the main issue remains.
Improvements with second new coil:
1. Starts up easier.
2. Able to get the timing set.
3. Throttle response improved.
The throttle response prior was such that the lightest touch of throttle would increase rpms, but a normal press of the throttle would kill the motor. Now, you can press the throttle and the motor responds like you would expect. No stalling or chugging.
That being said, it will still stall and die if given more than half throttle. I am leaning toward the head gasket now for a couple reasons. First, I see fluid of some kind and bubbles at the head gasket on the exhaust manifold side. Second and much more relevant, which I hadn't mentioned before, is that prior to these issues coming up, my thermostat went out on me and while trying to get her home with a couple unruly young boys, I spiked the temp gauge a couple times well over not only the red temp line, but over the upper part of the white bracket.
I haven't seen any signs of a blown head gasket other than the fluid and bubbles I saw today. Which to be clear is at the rear corner of the head, exhaust side.
Anyone think I'm on the right track and if so, does anyone think a head gasket sealer, like blue devil, would temp fix it? I already know if it doesn't, I'm tearing this thing apart. I'm just worried that I may have warped the head and even a sealer isn't going to do anything.