Thank you both.
There's no sign of a small box sitting on or near the coil. I've also looked at the wiring diagram for 2nd Series and can't find any sign of a ballast resistor, so I guess I don't have one.
The apparent voltage drop is surprising to me, but the car is 47 years old and although the electrics seem quite good they are virtually all original. I'll measure the voltage at some other locations and see how they compare.