Steve,
Without the advantage of holding one of these Fleetwood Mac 60's in my hand, I do not understand your comment that "...the rear rotor/drum might not be assembled correctly, thus shifting the cam." The points are at the front of the engine, and I assume, perhaps dangerously, that the ignition cam is machined into the crankshaft. So if there actually is a timing issue, it would stem from the cam follower making contact from a different position clockwise than it was designed. Thus, any aftermarket points or ignition module would need to be positioned to get the engine back in time.
If it had only popped and burped a few times, then I'd think that the timing was completely hosed. Back in the thread a ways it seems that it ran for variously 5 seconds or 20 seconds or...? If it was continuously firing, then simple timing isn't the whole story here. At least, that's what those symptoms suggest to me.
Dave