Ok... next ! All this may be common knowledge, but new to me, and others may find it useful:
Difference in points opening gap size between top and bottom cam lobe. First eliminating armature endplay, then could it be:
- eccentric points plate
- bent armature shaft
- nonalignement of cam housing at mag body side
- eccentric cam housing at cam side
- bearing cup eccentricity
- camring outer clearing to camring housing > movement
- difference in cam lobe thickness
...and maybe even more possibilities.
The problem has irritated me for a long time, and wondered what the heck could be done to get the points gap decently equal, without destroying otherwise good parts in the process. Took the time these days to take a good look, and some good measurements, eliminating as much as possible.
The fix was easy, slight difference in insulation paper thickness top\bottom of bearing cup, in relation to the points gap difference between top\bottom cam lobe, took a few attempts with different paper thickness to get the right bearing offset, and eureka !
Browsing The Haynes manual, about the gap it says "if there is a variation the cam ring has worn unevenly and has to be replaced", no other possible causes mentioned. Well, I'm glad I didn't buy the cam first and realizing afterwards it was not at fault at all.
Important detail for manual timing control magnetos: The timing control plunger needs a strong spring, or else the cam could move when the points hits the lobes, thus pushing timing way off randomly.
Edit:
Contacts, plate and cam:
The original contacts plate, with nos lucas points from ebay, pricey but very good, points both lining up quite perfectly (pattern points I've tried were a catastrophy). Also tried a new pattern cam, but the old one was actually fine and went back into action.
Measured cam gap to housing, around .002, could be better, but much timing testing showed it had little or no impact in practice., as the cam is firmly locked downwards by a strong retard\advance spring. Points spring is well clear of camring.
Upon reassembly, got the oiling wick at the bottom of the camring inserted, a 2 parts wick, one filling the cavity in the housing, and one small length inserted afterwards trough the cam hole. Apart from some normal signs of use and maintenance after like 50 years, the plate and cam is still in very good condition.
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Edit: added text to arrows on the housing, the 'thick' resulting in moving the points plate slightly down relative to the upper camring lobe, equalizing the points gap difference on this particular mag.