Bad condenser or dirty points will kill a magneto deader than a door nail. Get a points file, a sandpaper finger nail buffer stick or non silicon carbide sandpaper (black or grey silicon carbide paper leaves a film on electrical contacts) 220 or 300 grit and clean and shine up points and then take thin card board or stiff paper and pull through closed points to remove grit.Check and Set points gap if it changed. You can use a meter to check condenser and whether you have good contact between both sides of the points. I have seen a hot mag throw blue fire 3/4 of an inch from spark plug wire to ground and the engine never missed a beat. Do not hold on to the plug wire like a mower engine to check fire or you will learn never to do that again. If your engine has a impulse drive coupler that snaps when cranking at low speed it must work or you will not get good fire. A bad plug can fire out of the engine but fail under compression when installed. Good luck ,try a clean up before you throw a mag into the has been pile. Mark