Spark plugs should be Champion J6C plugs gapped at .030.
(Point Setting Of Magneto Models)
(J. Reeves)
Set the points as follows. Have the flywheel key aligned with the fiber rubber portion of the ignition points. Adjust the gap so that a .020 gauge will pass thru but a .022 will not. Should there be any question of the points being dirty (touching the contact with your finger would cause them to be dirty), clean them with a small brush and acetone or lacquer thinner.