try swapping leads left to right and see if it still does it. The timing could be out, also make sure the carb it ok. Will that cylinder pick up if you tickle that carb?
magnetos are a really cool batteryless way of doing things, but a bit of a black art, kinda like all ignitions!
try
http://www.geocities.com/MotorCity/Speedway/3213/ignindex.html
http://members.aol.com/VechBMW/tech.html
these explain the hows and whys. If you are going to get it rebuilt try the speedway guys for the magneto guru, these guys are still using mags.
kkk
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