Quick and dirty, I would first have a quick look to make sure somebody had not taken a pressure washer to it and soaked down the ignition.
Pop the cap off for a quick look to make sure the rotor and or pin in the cap has not burned through.
1988 I think had a low pressure pump in each tank and a high pressure pump on the frame.
Pull the hose off the fuel pressure regulator and hook up an injector flush can with gas in it to the Schrader valve, if it still does not run with external fuel pressure then time to push it into the shop. And start with the basics.
Air ?nest in filter
Fuel and proper fuel (not 1/2 diesel)
Spark first would be plug in a spare TFI module for a quick test
Compression should be properly checked but likely you can for now rule that out by listening to it crank.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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