Charlie, while a coil normally runs "warm" it shouldn't run so hot you cant keep your hand on it PLUS if its drawing too much current to the point it overheats so bad it shuts down THERES A PROBLEM. Here are some thoughts:
1) A full true 12 Volt (NO ballast required) coil typically measures from say at least 2.5 up to near 4 ohms (many around 3) LV primary resistance as measured between its two small + and - terminals WHAT DOES YOURS MEASURE ????????????????
2) NOTE a coil labeled "12 Volts for use with ballast resistor" is in reality more like a 6 volt coil and absent an external series voltage dropping (12 down to 6) ballast resistor on a 12 volt tractor it will overheat and fail !!!! That's not yours I hope ????????????????
You need to know your coils resistance PLUS the current its actually drawing
3) If you actually have a coil that has around 3 to 4 Ohms of LV primary winding resistance at 12 volts the coil and points current would be around 12/3 = 4 Amps or 12/4 = 3 Amps and a full true 12 Volt coil should NOT overheat. NOTE Charging voltage at fast RPM using a good generator may be 13 to near 14 or so, that changes these numbers a bit...
4) Even if you were overcharging at lets use say 14 Volts, 14/3 or 14/4 still should NOT overheat a full true 12 Volt coil so bad it shuts down HOWEVER A CONSTANT SAY 14+ TO NEAR 15 VOLTS ON A COIL COULD POSSIBLY CAUSE IT TO AFTER A LONG TIME OVERHEAT...?.
You need to check your charging voltage
5) You ask can a condenser cause something like that??
Well if a condenser were shorted the coil would constantly draw current (no points switching NO duty cycle) HOWEVER if so it wouldn't run. NOTE a faulty condenser can cause a weak or even no spark and its another device that can fail AFTER ITS HOT
I suspect the wrong voltage coil (insufficient LV primary resistance) coil or its failing,,,,,,,,,,,,,,possibly you're over charging,,,,,,,,,,,sure a condenser can cause problems once warmed up,,,,,,,,,,,could be a points related problem like its eventually shorting to some extent and drawing constant no duty cycle excess current causing spark failure plus a hot coil ???
Check or suspect points, coil, condenser, charging voltage, excess current draw.
John T