Well, it is a full moon at the moment.......
OK, the float floats, and the gas is brand new. Gas flow/amount seems OK, according to a mechanic (who races go-karts). On the side of the engine opposite to the flywheel, there is a collar with coils that fits around a large shaft with magnets embedded in it. I know this is the generator. So far, I have not been able to find any wires that lead to points. There are no wires sticking out of the engine anywhere else...the points would presumeably have wires running to them, but I have not found any wires I cannot trace to other things (lights, horn, etc). Is it possible that I have a different type of points from those that you describe? I will try and post pictures tomorrow.
Thank you all,