Now while the problem arose after magneto work, that's not to say that is the root cause. CJ has a very valid point here, notwithstanding return to the tank indicates the pump is working fine, but a leak here compromises flow to the engine and also give possible scope for a larger than usual return volume. As a first step it is worth taking off the timing cover and checking the security of the pump, and whether or not the keyhole above it back to the sump is clear. The breather bush can be checked for in/out movement....there should be none, and the bush location on the cam gear drive peg checked by observing the bush rotate as the engine is kicked over. Removing the pump to examine involves a fair bit of dismantling, pump drive worm and locking nut are left hand threads. So only tackle as a last resort.
As a further test, idling the motor over a large catch tray, timing cover off, will show the amount of oil coming from the timing bush, or any leak between the bush and crankcase. This is extremely messy, frightening if you get Niagra Falls, and keep an eye on the rapidly falling oil tank level.
Swarfy.