I have gap set to .015 at tdc,24 degrees, per repair manual. and I have tried it with the stator plate all the way to the left and then all the way to the right, seems a little cooler when I turned it to the right but it still burns up my plugs with in a few miles. I am going out to check for leaks now.
I did solder my wires on the magneto since they were all disconnected. maybe this will tell you something, but when I use my horn my lights cut out.
running but not well in Holland MI