weak ignition? (small engine)

I have an old tiller with a Kohler single-cylinder 4-stroke engine. It
lost all power (over about 30 secs), and now won't start. Since then,

- Replaced spark plug. (Which does spark, when grounded to the
head.)

- Points look OK.

- Compression looks OK (75 psi).

- Cylinder is getting fuel (plug gets wet, and exhaust smells.)

- Carb float valve works, and float seems OK.

- Coil resistances look OK.

- I cranked it in the dark, and didn't see or hear anything bad
around the coil.

I wonder if I have a weak spark when the plug is installed. But, a new
coil costs $75, which is a kind of expensive experiment.

To test the coil, I made a 10:1 voltage divider (with a HV 10M
resistor), and looked at the spark plug voltage with a scope. With the
plug not grounded, I see a 4-6KV pulse. When the plug is grounded, this
drops to about 1KV. I get the same 1KV when the plug is in the cylinder
(no fuel).

Questions:
- Is above consistent with a 'weak' coil?
- Is there another way to test that?


And, any other thoughts would be appreciated.

G