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Call me sparky but don’t pay me by the hour. Decided to disassemble more completely than I had so far before building it up again. While easing the the cam up the shaft to inspect and polish I realized it was turning freely on the crankshaft. Eureka! The rough surface on the cam combined with breaker point cam follower pressure put enough drag on the cam to keep it from turning. All possible because the drive pin #302578 was missing. Made a new one by cutting the end off a 5/32 twist drill and I now have plenty of spark on both plugs when turning over with a rope. As suggested by forum members and confirmed by Great Lakes Chapter guys the problem was not caused by a weak flywheel magnet at all. Closing out this string from my end.