Back in the mists of time, when I thought I had the last remaining armature in the world, we stripped the drive end from the armature, removed the condenser and made a good repair with silver solder. Bronze welding was another option but we went for the least amount of trauma to the part. A light skim and a polish made it good as new. Removing material from the running surface will extend the carbon brush from its holder, whether this is of any consequence until the brush shortens enough to pop out is one of those things. The brush under a brass type points carrier, as suggested, sounds a much easier fix.
Bit different now, there seem to be more magnetos and parts available in various states of disrepair or running order than ever before.
Swarfy.