Tony,
Welcome to the forum.
When this problem is solved and life has meaning again, please tell us a bit about yourself and your bike, like how you two came to be a couple, etc.
If the nut is now sacrificial, maybe you could turn out the inside and outside threads so that the end of the nut sits on the shoulder of the armature when you hit it, thus sparing stress on the armature threads. In all the threads (that is, "discussions") we have on this topic, I haven't heard of anyone trying this and I don't even know if there is enough meat on the nut. Contrary to what Bill said about the three mag securing nuts, unless you remove the points housing and bearing race, I don't think you will get anywhere with the mag securing nuts tight while hitting the AA nut (maybe to eBay or Priory to find a replacement mag). (Sorry, Bill, if I've misunderstood you.)
Also, I think it would be A good idea to do all this with the inner timing cover removed so you can see what the backside of the mag gear will be pressing against when you hit the armature. This way, you should be able to install spacers behind, if necessary.
Since you haven't been inside the timing case in a long time (if ever), try not to let the idler gear pull out when you remove the inner cover. this will save you some trouble aligning the timing dots on the three gears when you go to reassemble.
Good luck,
Richard L.