The points are eroded by the electrical arc that occurs each time they open, thats why you found a large gap. Might have been better to replace points and condenser, but it sounds like you're happy with the way its running, so they probably have a little life left. It sounds like you must have removed the distributor. When reinstalling one, all you need to do to is get it timed close enough for the engine to start and run, but you really must check the timing at full throttle with a timing light, because the degree of advance at full throttle is the most critical setting. It's been awhile since I've had anything to do with a 340, but I think the flywheel has degree marks. If so, there should be a cover on the side of the clutch housing you can remove and a timing pionter underneath. Get yourself a I&T manual, find out how many degrees it should be advanced at full speed, locate that mark on the flywheel, and mark it with a white marker so it will show up under a timing light (liquid paper pens work great for this).
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Today's Featured Article - The Cletrac General GG and the BF Avery A - A Bit of History - by Mike Ballash. This article is a summary of what I have gathered up from various sources on the Gletrac General GG and the B. F. Avery model A tractors. I am quite sure that most of it is accurate. The General GG was made by the Cleveland Tractor Company (Cletrac) of Cleveland, Ohio. Originally the company was called the Cleveland Motor Plow Company which began in 1912, then the Cleveland Tractor Company (1917) and finally Cletrac.
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