Testing the VR is a bit of a pain, but you can adjust the air gap on the coil if you need to. It's usually a lost cause though.
My recommendation is to get a solid state unit at Napa (they run about $25-30), before you head out to the truck. Here's the NAPA PN: MPEVR550SB. Don't install it until you've cleaned up the rest of the stuff though, or you risk damaging it. A little 'gotcha' on these trucks is the plug style for the VR, I think '79 may have been a crossover year and there are two styles of connector. I know the '80 used a round plug, but my '78 has a rectangular plug. The PN listed is for the rectangular plug.
Maybe another '79 owner will chime in here?
Grounds are another thing to check, for the conditions you've mentioned. There is a ground cable from the battery tray to the block, make sure it's there and in good shape. The battery cables are an obvious check. There are also two chassis wiring harness grounds mounted just in front of and above each fenderwell. These often get broken off and are worth checking. Clean 'em up when you do the fuse box. You may need to crimp a large eyelet on where they are supposed to bolt to the fenderwell, they tend to break off and just sort of hang.
Good luck
