I wouldn't toss a good mag, but that is your business. BEFORE you remove the mag, set #1 on TDC, and check against timing marks. Point the rotor in the dist to the #1 terminal. Remove the mag and install the dist, without moving anything and rotate the dist CC, viewed from the rear. Remove the coil wire from the dist, hold wire next to the nut on the dist, rotate clockwise until you get a spark, check alignment of timing marks. Lock it down and confirm by rotating engine one revolution (preferably with a hand crank) until it sparks again, the timing marks should be lined up. You can do this without the timing marks, I prefer to use them as a check.
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