Then try some old plugs!
Your mag spark sould be nice and BLUE!
Yellow sounds dodgy, did you say the mag has been rebuilt by someone who knows how to do them?
Just thinking about mag insulation issues, all those things that needs insulation!
Poor armature, poor capacitor will give you a yellow spark!
I once replaced my dodgy armature with a brand new one from Lucas, hells bells before the kick start was half way down it fired up so quickly it shocked me!
I once totally rebuilt a pre unit Bonny with no expense spared, new twin carbs etc. It would not start for days, then I tried lifting up the 2 needles and it ran. Months later, I dropped the needles back down to their proper positions.
Is your engine too tight to run?? Did you try to turn everything as you fitted each component?
I once rebuilt a B40 with a tight new main bush. As you tightened up the crankcases it kept locking up the crank. I would never have started if I hadn't "run it in" by turning it for hours on a lathe with lashing of WD40 and oil until it was lovely and free. Definately no end float and it had that lovely BSA single whistle you rarely hear anymore! That one would never have started on the kickstart.....
My A7 would not start after a recent top end rebuild, if you have good compression, inject/tip a small amount of fuel down the plug hole kick it over a few times to gas it up, then try it.
A few things to try but I think it will be something to do with the funny feeling you have, it usually is!
Best of Luck