I believe Joe’s theory has some merit. Here is a known good to compare to your flywheel. If the poles change at the crack, it may be your issue. Tubs
Video Link – https://youtu.be/9bX8HgW_UXo
I have fabulous news!! I got a magnet exactly like the one you used and did the test and there was NO pole change at the crack. If fact the needle moved as smoothly and exactly like it did in the video link above. So that means that I’m on the right track and will replace the condenser, clean and adjust the ignition points and put it back together and I should have great spark.
Thank you Mr. Tubs for your great suggestions and fabulous video. Thank you for the condenser number and all the information you have provided to me. Also I want to thank everyone else that took their time to comment here. I so want to see this engine run even though I don’t have a boat I have a barrel with water to test it in.
I’ll be sure to report back when I get it running.
Lisa