Okay, I figured out what was wrong with this at great expense to my nervous system hahaha So I'm posting the result here in case anybody else does a search for this in the future and to spread the knowledge.
I bought this unit as it was a lot cheaper than those on eBay... http://www.mm-4x4.co...-kit-2720-p.asp
From what I can see, Powerspark and Accuspark also sell these electronic units to replace the points but by the looks of it they're all made by the same place (probably in China somewhere).
So I replaced my working points and then I got no spark. So I took it all out again and tested it on the bench using a bulb and battery and it worked correctly. Then I put it back in the car and... nothing. I checked all the wiring which was fine and by now I was beginning to doubt my own sanity.
Eventually I figured out what the problem was. Now this may have been mentioned in the instructions but I lost them!! The shaft on the distributor allows you to fit the ring which contains the magnets at various positions and if you slide it too far down the shaft it won't work. So you have to fit it so that it is just under the rotor arm and then it's within it's operating range.
I used a light bulb in parallel with the positive and negative connections on the coil so that I could see it flash as I turned the car over.
Phew!
Paul.