Nope, when the points open, the spark happens. The condensor, besides "siphoning off" current when the points open so they don't arc and burn, also assists in the collapse of the electromagnetic field and makes a stronger spark. No delay. However, I think you mistyped that Ralph; wider points opening equals earlier timing; (more advance).

I've worked on some twin cylinder points ignition two strokes that have the timing set like this: You adjust both point gaps, then adjust one cylinder timing with a rotating stator plate. Then you adjust the timing of the other cylinder to match the first by fine adjusting that cylinder's point gap. It's amazing, (and aggravating), how a little point gap adjustment can change the timing quite a bit. Thank god for the newer electronic ignitions!!

AV8TOR