There are 2 coils in a points system..One generates electricity to go to the other, to be transformed into enough to jump the gap..The points are connected across the leads between the coils, with a capacitor across the points to supress the spark and keep the points from burning up...The flywheel magnets rotate past the soft iron core on the source coil, generating current..the current goes through the closed points until the points open at 28 degrees, letting the current go to the spark coil and making the spark If I remember right, this type of circuit is called a "squirrel cage" ...you can change the timing slightly by varying the gap between the points..If the points have a wide gap they won't open far enough before TDC, so the timing is retarded..If too close the timing will be advanced..Don't know how many degrees this works out to, but on a G23 it makes a difference......I don't see how there could be a time delay, unless the condensor acts as one....[8D]