You will need to use the ohmmeter as an ohmeter and not as a continuity checker for the next step in the procedure. You will want to use the lowest ohm scale your meter offers, as the typical winding resistance in motors such as these is less than 100 ohms. If the motor is a permanent split-capacitor motor, you are going to be looking for common and speed taps of the winding.
Wiring diagrams happen to be a perfect vehicle for carrying the principles of technicians beyond nuts & bolts. First, the simple act of color-coding helps to bring out the true wealth of your knowledge and is an excellent step in diagram analysis. Beyond that, it is an amazing tool for developing the awareness needed to get on the road to becoming an expert learner.
As a technician, I naturally look at things from a nuts & bolts perspective. As technicians, we understand objects and assemblies. We understand how things come apart and go back together. Is not this what Einstein and Ohm did? They figured out how "it" comes apart, which led to the ability of others to put "it" back together.
A simple, experimental motor such as this is not capable of making much power. We can increase the turning force (or torque) that the motor can create in three ways: either we can have a more powerful permanent magnet, or we can increase the electric current flowing through the wire, or we can make the coil so it has many "turns" (loops) of very thin wire instead of one "turn" of thick wire. In practice, a motor also has the permanent magnet curved in a circular shape so it almost touches the coil of wire that rotates inside it. The closer together the magnet and the coil, the greater the force the motor can produce.