I think we're too hard on Uncle Joe sometimes. He made his stuff to suit the tightwads at the factories - they could have had better quality and better longevity, but I reckon they didn't think we were worth it. In light of that, Uncle Joe's magnetos do work pretty well, or I think they do anyway. Even our under-sized over-stressed little dynamos aren't all bad, although I don't think much of the regulators myself.
I don't know why some brass cb backplates have the brush fitting either - just that some of them do. Never seen a K2F without the standard earth brush either.
As a lot of folk here have said a few times, the first thing to do with any newly-acquired beast of unknown provenance is to get the mag rewound, sort the charging out from end to end, and you're half way to having a reliable bike. I've no idea what the stats are, but I bet well over half of all classic breakdowns bar punctures are down to optimism winning out over prudence in the electrical department. (I know mine have been!)