I had a similer problem on my 59 panhead many years ago. It was frying points within just a few minuets of installing them. Turned out it was a bad wire. As has been mentioned, when the coils are drawing too much amperage through them they will get hot. In my case the wire going to the points was broken inside the insulation (you couldn't see it) and in order to push the voltage across the bad area, the current went way up. I would check the wire on the positive side of the coils and see if it is nearly broken some where. If you have a bad ground (as has also been mentioned) that could cause it also, but I would expect it to be frying light bulbs too.