is a maybe.. if the holding coil is ok and the arcs arent, remember when cars had points in the distributor? the condenser being a capacitor to minimize the arcing that'd wear out the points. same for older electric RC car motors having noise capacitors for their brushes arcing on the commutators, an RC car could go batty without the caps.
something to think about anyhow.. seems to me if the holding coil were a broken circuit there might not be any arcing at the EOS switch, but also doesnt mean the coil might not be partially shorted internally..