Thanks Tyler, Sir Chook and Gadge, I never would have found the timing mark that Sir Chook told me about without the video from Gadge. I finally took the magneto plate off and there it was, who would have thought to look on the bottom.
Unfortunately still no spark, with the armature plate off I found the condenser and as far as I can tell with my multi meter it is working (has a resistance). The only problems I have found is the insulation on the wire from the points to the coil is in very poor condition, and there are grummets where that wire, and the one to the condenser, pass through the housing which were out of place. I put a sleeve around the wire and relocated the grummets reassembled but no luck. (I think if there was a problem here it would have showed up when I was trying to test the coil)
Thought I may have hit the jackpot when I did not seem to be getting a circuit through the spark plug lead, but after taking it off and testing it reassembling and testing again still no spark.
I have pulled it apart again and I will shrink wrap the bare wire. The sleeve I made was a little big and putting some pressure on the insulation shield under the points, I did not do it first time as they are soldered and my soldering is worse then my welding. (It's a shame araldite does not make a good conductor) I think I am clutching at straws here. With the points closed I have the same resistance from the points to the spark plug lead as I have through the coil, and with them open no circuit. However l am testing with very little volts when the actual spark will have a pretty high voltage and able to leap small gaps
If it had not run for a few seconds I would be tempted to turn the magneto plate over, I did see one u-tube video where the spark plug lead appeared to be coming out of the back (exhaust side) of the engine.
About the only thing I have left is the magnet in the flywheel is not as strong as I would expect and may have a chip broken out of it (photo), I would expect these things to possibly reduce the spark but not cancel it, it did run for awhile and I did not find any loose metal bits. when I took it apart.
I will be struggling to get back to this for a few days it's already cutting into my nap time. Any suggestions are appreciated.
If I can get a large enough hammer it will run for awhile just trying to get away from me
