Yes that would work aside from the issue I never did a destructive test like that. However the timing light would never tell you the voltage drops across various parts of the system. When I did have access to the dyno and CRT scope I could pinpoint problems from ignition failure to carb issue without having to drill holes or shoot lights, I could do a printout or simply look at the display screen and know exactly what was happening. It was also much easier than crawling around over the top of a running engine especially with a rear mounted Distributor.