Are you saying, Paul, that there's a bit of 'wiggle' on the end of the armature? Ie that you can wobble the contact breaker end up and down and side to side a bit? A slightly worn bearing can be (re-)shimmed to get rid of wiggle, a dead one will need to be replaced (not the easiest job in the world). A lot of cam rings are sold to people who actually have a bearing problem! A bit of wiggle doesn't usually afflict just one side though . . . so, before you start thinking expensive and complicated thoughts - Is it always the same cylinder that goes funny on you? If so, have you tried swapping the HT pick-ups and leads over, and the plugs, to see whether anything makes the problem swaps sides? I know you've replaced all sorts, but funny things can happen in Lucas Land.
Or do both sides play up - general flatulence rather than one-sided?
On the points gap difference, far better people than me live with 2 thou variations between cylinders; it does equate to a timing difference - which matters more on performance engines than on my softly-tuned A - but even in the best-regulated environments identical gaps can be hard to achieve. Doubt any of my mags is correct to under a single thou, and I doubt many other people's are either unless they have been smart and brave enough to remodel their cam ring.