Yep, it begins to look like you have a bitsa there.

Anyway, unless it has been retrofitted with a solid state module, it will have points and condenser under the flywheel. If disconnecting the cutout switch doesn't restore the spark, the points are the next thing to look at.

Service info download for this is here, section 1: https://www.outdoorking-forum.com.au/forum/ubbthreads.php/topics/54967

The points gap should be set to 0.020" though, for your engine.

Cheers,
Gadge

"ODK Mods can explain it to you, but they can't understand it for you..."

"Crazy can be medicated, ignorance can be educated - but there is no cure for stupid..."