Reply to drujinin:
When you say rotor lined up with the post. Do you mean "exactly lined up"? From my understanding it should be just before so that when it snaps, it flies past the post. If I am understanding your description, it sounds as though it is firing past the post. Is there a gear set inside a WICO? That I don't know? I was always under the belief that they are a straight through shaft type of Magneto which is why they have the Impulse Coupler. I am guessing that maybe the Impulse Mechanism is on a spline of the shaft and MAYBE slipped a cog or three?
Just throwing it out there
Wico or prestolite does have a gear set. The rotor is about 1/2 in wide where it mates to the Spark plug brush. Mag is firing spark right at the beginning of the rotor contact. hard to miss it especially looking dead on to it, being in a test bench with a variable speed motor.
I think I have narrowed it down to the coil. Something just died as it was working so good before. The spark out of the coil will rarely jump 1/4 inch and was not blue.
Not working on a mag for a long time, I was thinking they have a really long blue spark. I got the mag off my 1941 parts tractor (4F867😎. Even with a cracked cap, on the test bench it will throw a 1/2 inch long blue spark after the plug wires on the test bench electrodes.
I have routed out the crack with a Dremell tool and JB welded it. Not even going to remove the cap. This mag is going back on my machine when the JB dries. It is the mag the parts book calls out