I'd check the brushes and slipring first. If the brushes can write like a pencil (many sadly can, despite the vendors knowing darn well they're useless) throw them away and get some harder ones, and clean the slipring with care to get carbon traces off it.
This is such a common problem with the pattern pick-ups & brushes that are sold widely, that it has to be the first thing to check, especially as it causes random misfiring, worse under load, etc. It has been an epidemic, more like, over recent years!
Then I'd have a look at the contact breaker. If it is a steel backplate unit, make sure the spring blade on the opening point isn't kissing the camring on either lobe. Because the opening point is 'live' on them, the lightest kiss will interfere with sparks if there's a short to earth. This is also a common problem. (If it's a brass backplate, not a problem though, the opening point is earthed.)
Checking condensers in situ is hard as one end of it at least needs disconnecting from the primary winding to be able to read the capacitance or subject it to a leak test. If you do suspect it, then really the mag has to come to bits.