Thanks Jack,

It's a model 2 Rotomo, late '56, 125cc. I won't be able to upload images for a bit, but any advice otherwise would be a great help.

The flywheel only grinds once in a 360 degree rotation, right on the raised area of the stator plate forward of the coil. It's strange because it wasn't doing it until I removed the flywheel to adjust the points. I cant see any damage, but I'm concerned I may have knocked the crank out of alignment possibly?