That side terminal is "hot" in the sense that grounding it kills the spark. If the screw is not properly insulated from the case, you won't get any spark.
Your motor, unless someone has completely changed out the ign, is older than '69. '69 650's had an electronic ign system (Lightning Energizer).
Not that there's anything wrong with a properly serviced magneto!
HTH.........ed
1965
Sorry but I don't understand
By the gold trim on the face plate and then checking in my Mercury service info.
As long as the start turns the engine over the soliniod is good, the finned rectifier should have an 11 to 1 advantage then tested with a ohmmeter and the stator should test good for continuity. The easiest way is stat the engine with a voltmeter on the battery an see if the thing is charging. We test the mags by puting the on a sun machine that spind then from 0 to 8000 RPM and test each wire for output with a spark gap set at 7/16", mort don't have a sun machine and use 4 sparkplugs with the ground electriod cut off. All most anything will work just as long as the gap and spark are equal
As long as the start turns the engine over the soliniod is good, the finned rectifier should have an 11 to 1 advantage then tested with a ohmmeter and the stator should test good for continuity. The easiest way is stat the engine with a voltmeter on the battery an see if the thing is charging. We test the mags by puting the on a sun machine that spind then from 0 to 8000 RPM and test each wire for output with a spark gap set at 7/16", mort don't have a sun machine and use 4 sparkplugs with the ground electriod cut off. All most anything will work just as long as the gap and spark are equal