you should have power to the coil in the on position. on my 502 the power "on" wires are purple. it seems to me that if the coil gets power in the statr position that the ground is fine. i would susspect that something in the start switch or the switch wires are messed up. try this. run a jumper wire frome the battery pos to the pos side of your coil. if it stays running when you turn the key to the on position you know for sure the prob. is between the switch and coil. good luck