And I wondered (not really, I knew this was the problem the whole time) why my new Duke wasn't running right....

Yes, that's rust on the pickup coil...


More rust, and in this picture you can see the pigtail off the pickup coil falling apart, no wonder the dizzy wasn't getting any spark...
(someone once told me there's no such thing as too much dielectric grease)

More rust...

Another pic of the damaged pickup coil. And if the pic was better, you could see where the pigtail had been arcing and causing even further damage to the plug...