I suggest that you rebuild the mag. That will produce a hot spark and make it easier to get running.
Buy a new coil, condensor & points from YT (this site) and install them. This should produce a spark that wiil jump 1/2 inch. You can test your mag before and after rebuilding it by cutting a 3/8 inch socket extension in half and put it in a drill. Find a 3/8 inch drive socket to fit the nut on the drive end of the mag and use the drill/extension to spinn the mag.
When you take the mag off, note where the distributor is pointing(1 o'clock, 9 o'clock etc.) and do not turn the engine before you re-install the mag.
While you are at it, drill a small hole in the back of the mag housing and connect a grounding wire to the condensor. Then connect this wire to a one-wire on/off switch from a H or M. This will make it easier to kill the engine.
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