Would it be possible to find a conventional coil that will fit, and just go to the conventional flywheel magneto setup?
As was fitted to the later models, I believe. An aftermarket trigger module would work with that, to replace the contact points/condenser, if required.
There isn't enough information available now to build a replacement Magister unit AFAIK.
Although I have just found some useful stuff in the patent literature, which I will put up on the Magister mega-thread in the Tech Talk forum shortly.