I reckon that's exactly and precisely it, fine tuning only, but I'm only a hobbyist!
Reason why I got interested in this was when a friend who knows far more than me broke down here in France with his Vincent Rapide (lucky man - to have a Rapide, I mean, not to break down far from home!) I got the job of trying to figure out what was wrong with it and pull the offending bits apart so he could order up and then come back when he had everything necessary. It was the mag, which had had its insulation melt internally and lock it solid.
He and I played endlessly with a rewound armature observing all these anorak things regarding points of max flux and effect of moving the cb in relation thereto. His bike has an ATD same as a latera BSA's; a Lucas KVF armature is exactly the same as a K2F in every way, what's different is the slip ring . . . and because it's a 50 degree V twin, one spark has to be delivered 25 mag armature degrees off optimal. That spark is noticeably weaker in bench testing, and explains why Vincent went to coil ignition quite early, although they didn't have the reliability of alternators to help them, just the dynamo from the good Mr Miller.
We wanted to see if things would be better with 2 sparks 12.5 degrees wrong, but that was hopeless because you can hardly get any decent spark much BEFORE point of max flux, which is what we were asking it to do on one cylinder, to allow the other to fire only 12.5 degrees AFTER. For reasons to do with Fizzix and things I don't understand, an armature is so synchronised at the factory that it delivers its spark about 3 degrees AFTER point of max flux - this lectrickery bends, it seems. While it will still deliver sparks as late as 25 degrees after, it is a poor creature at anything much before the optimal point.
Hence my diatribe about it only being feasible to play within strict limits if one wants to have a movable cam ring! Looking at that earlier post, I omitted to say that if one DID make an eccentric to engage the cam ring notch and give a bit of adjustment (which we did on this Vincent and it works brilliantly to allow minor post-setting correction), it's necessary to drill and tap the opposite side of the mag end housing, where there is a convenient spot, and put a grub screw in there. If not, the ring could start to wiggle out towards the points cover for the lack of anything to stop it.
Now, back to more mundane things in the barn, like the brakes on the wife's car . . . who said leave them be and hope for an insurance payout? Groily