Rocket & RD... The more you consider the design of the K2F the more amazing it is that it actually provides the sparks in more or less the right place, bearing in mind that any inaccuracy in the cam ring and housing is magnified by the pivoted points arrangement. All working way beyond their original design life.
The idea of a steel cam ring moving in an alloy housing on a manual maggy is a recipe for short term accuracy, not something to be relied upon 50 years later. So if the cam ring proves to be fine, an expensive modern CNC end housing could be the answer, providing the basic assembly as outlined by JulianS is OK.
As regards sourcing a new ring, my usual go to's Priory and Brightspark no longer list them, so it will be a bit of a gamble from any supplier you choose.
Swarfy.