67_70_now_65, I understand what you are saying but only if the negative side was grounded and that would affect cranking ignition and running ignition. An open circuit shouldn't cause any problem. As you know, the points do the grounding for coil saturation. When the points open the builtup voltage in the primary side of the coil wants to find a path to ground so it goes through the secondary windings and higher voltage goes to the distributor cap and the to the plugs. The tach measures the occurence of the dwell time (points closed) to produce the RPM. So disconnecting the tach will not affect anything.
Anyway, this is not really helping to solve his problem. I would recommend checking voltage at the positive side of the coil while the points are open and the ignition switch on. If there is no voltage then I would trace the positive wire from the ignition switch all the way to the coil. I only had a wiring diagram for a 67 so he should get one for his model.
I don't mean to act like a know-it-all or offend anybody so I apologize, but I am using my 25 years of experience of being a professional ASE Master Technician and having worked at a Ford dealer in the 70s. I just wish I had the correct wiring diagram to be 100% sure.