Ok, here is the update from my latest efforts.
I went to go get parts and got into a discussion with the parts guy which was inevitable. I told him what I had done so far. He pointed out the Crankshaft Position Sensor on the flywheel housing and the Camshaft Position Sensor in the distributor. He said that you should be able to detect the electrical pulse charge from both of these sensors when they make their detection.
I proceeded in this direction. I removed the distributor cap. The rotor was worn, but not overly corroded or broken. I verified that the rotor did turn when the starter moved the engine. The contacts on the inside of the distributor cap had some buildup but not too bad.
I attempted to test the Cam Position Sensor. I used a multimeter on the 20V setting and tested post combinations on the snap plug for the Cam PS. There are three posts in the plug and I tried all combinations while having the engine rotated. I got no signal from the MM. I then reconnected the cable and attempted to get a charge off of the actual magnet in the sensor in the distributor. I also got no signal.
I then moved on to the Crankshaft Position Sensor. I pulled the snap plug and tested all post combinations while having the engine rotated. I also got no signal.
I am not confident enough that I performed the tests correctly to buy either sensor to replace. Any ideas on the correct testing process? You can see more in the photos. Thanks.