Interesting ignition/stator/coil setup on this beast. The stator is pretty typical, with the points and condenser mounted to the plate. What is somewhat unique, is the fact the points cam isn't attached the inside of a flywheel In fact, it seems to be on the end of the crank snout.
Points look brand spanking new, as does the condenser:
On all of my other bikes, a flywheel is bolted on the end of the crank, and rotates around the coils. Usually the inside of the flywheel has a cam that the points run off of. In this case, there doesn't seem to be a flywheel. And the combined coil and starter run inside the magnets, which are attached to a stationary drum:
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