No spark

Excellent, i will get a flywheel Puller and give it a go.
Is there anyway i could mark the flywheel position
with a touch up pen, and then re-mount it in the same position?
And just replace condenser and contact breaker while its off?

Thanks, Dan.

Dan, you don't need to mark anything.
There's a piece of metal on the crank tap (don't know the English word) so you can only mount the flywheel in 1 position.
After you re-installed the flywheel, set the ignition timing (F) and the valve timing (T) right.

Ok i think i saw that on the crank thread when i just took
the 17mm flywheel nut and washer off.
How do i adjust the ignition and valve timing correctly
once i put the flywheel back on?
And is it something i should be able to do myself?

It's very simple except for the ignition timing which is a little difficult to get it right.
These videos are a bit slow, but could be very helpfull:
http://www.youtube.com/watch?v=_2xRnGlqzeA

Very helpful video thanks.
So i take it that was how to set up the valve timing?
How is it that i need to set up ignition timing?
And will i need to definitely set up both of these?

Normally, the cam timing should be good, but it's worth checking as it's a very easy job.
(align flywheel on 'T' mark, see if the cam sprockets circle aligns with the line on the head)

Ignition timing is necessary after changing the points (this is the only part you need to set up right)
Instruction videos can be found on Youtube, posted by the same user.
Sorry, but it's not that easy to explain by typing a text.
The best way however, is using a stroboscope (timing light) although, if you are used to do it, it can be set up on sight pretty well too.

Great ok ill check that. What i might do is change the condenser
and then see if and how she is running.
As changing the condenser wont require ignition timing setup!?
Is there any way i could just try to clean up/preserve the
points?

danny-st wrote:As changing the condenser wont require ignition timing setup!?

That's correct. But it's worth checking anyway (the timing)
If the ignition timing is off, you'll never get a spark (not even at the wromg moment)

danny-st wrote:Is there any way i could just try to clean up/preserve the points?

That depends on their condition.
See if the surfaces are flat, use a fine piece of sanding/grinding paper to clean them off.

I am awaiting delivery of my new flywheel puller,
And i will then find out what condenser i have/need.
Do i identify my condenser by a number on it?

The brand of the ignition plate / flywheel is all you need.
Except for the Hitachi, there is a high (long) and low version (flat flywheel without advancing/retarding mechanism).