OK, My first guess is either your ignition coil or ignition box has crapped out. If you bypassed the ballast, then the coil should have jumped to life BIG time. Do you have an ohm meter to measure the resistance between the primary side and the secondary side of the ignition coil? That would be between where the opening to the spark wire for your distributor is, and either the "+", or "-" side of the coil.
Mike