I read all the opinions about 6V. Thank you for those.
I respect your opinions on this, and in a way, for basic troubleshooting reasons, it is the simplest path in a way. Because less is changed up front. Which makes it an attractive path.
However, the current battery is no good, and neither are the points. So to go down that path, I'd already be spending $200. Then there could be several hours (5-10) of my time buying parts, doing these installs, troubleshooting, and communicating on this forum to get it running on 6V. That's $200 and many hours I could invest in going to a modern 12V system.
In my life experience, when I've heard about issues with old equipment that has points, and has trouble starting, it's been the points most of the time, and many stories of fooling with points, cleaning points, replacing points.
When I had issues last year with the Farmall 140 starting, I heard all of these same things about keeping the 6V and addressing the points. We converted to electronic ignition cheaply. Junior at the farm reports that it starts much quicker, and starts every time now, and runs better. I experienced it myself just the other day. He gave me a ride to my truck on the 140 and it started much quicker, was running noticeably better, a remarkable difference. I also watched a video previously of another guy who converted to 12V on the 140 and he said it started much quicker and reliably.
I know I want to convert to 12V, and I'm completely happy with the cost of doing so. To me, in good working order, this tractor has a very high value as far as equipment goes.
In 1951 this tractor sold for $1400. In today's dollars, that is $17,775.
Considering that, $500-1000 to improve and modernize it is nothing to me.
My reasons for converting to 12V:
I replace the entire ignition and charging system (modern 12V battery (AGM), alternator, coil, wires, plugs, distributor cap and rotor, battery). All fresh new modern parts narrows down the potential issues in any of those systems for initial troubleshooting and long term reliability.
No points maintenance
12V charging/jumping equipment
Jump starting with jumper cables from another vehicle
12V spins the starter faster
12V is more forgiving of old wiring and connection voltage drop
More available ignition voltage, while still using the correct coil/resistor setup
12V batteries are easier to find and usually cheaper/more common than 6V tractor batteries
Alternator charging is usually better than the old 6V generator system
12V bulbs, coils, solenoids, alternators, and accessories are easier to source
Lights are brighter
Modern 12V accessories
Thanks!