Ok Folks, so I have a favourable resolution
Collected the rebuilt Maggy, and stuck it in and I reckon would've started first kick except I'd messed with the carby settings the other week, as when it did fire after 3 or 4 kicks blew some black smoke...but not for long.
Photos;
#1 The bits he replaced, including new looking windings with burnt bits, and condensers with possible signs of overheating
#2 very small burnt bits at end of arrow,
He said it had the wrong slip-ring for K2F, as the brass ring runs from 90º before spike hole to 90º after spike hole = 180º, and the new whitiesh one he installed is ~120º- spike position unknown
.
These two pics are just aids as part of the process;
#3 Timing cover drain hole mod; to drain the timing chest oil before pulling the cover- maybe I just like to live dangerous
#4 Street sweeper bristle; used it to slide the washers down to the bottom stud with the 'extended nut' (and for a shitload of other things)
haven't been far yet full test tomorrow, ran outta daylight, so just to the bottle-O, for more suds
Cheery days