John,
I think you may have just found the main reason its not doing anything as Bill stated. The pic you posted is way better than the one where I thought the points were 2 pieces they are not. You had said the timing was not adjustable but I think it may be looking at the first pic you posted I barely see a lever that should vary your timing. Also could you please take some more pictures of that lever area and the carb area with the gas tank off please.
Now looking at this picture with motor at or close to tdc try turning that lever until the lines I put in my picture are lined up. I think that would be moving the lever to the right. The points should just start opening at that point or very close to that point when they are set to 020. Give that a try and see if that is the case.
If so try and get it to pop off with a little starting fluid.
I hope that helps,
Joe
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