After countless hours of research on the internet, several phone calls all over the US, and pages of Enfield and Lucas manuals, it turns out I actually have a 1958 Indian Apache,
NOT a '58 Trailblazer. So all the confusion with my K2F problems make sense now. The Trailblazer comes equipped with the K2F manual advance, while the Apache comes equipped with the auto-advance. But this is great news! Not only do I have automatic advance timing, but the Apache motor comes with 8:1 compression as apposed to 7:25 compression on the Trailblazer. The Apache motor also has bigger cams!
Also, after seeing an exploded view of the points plate, and detailed instructions in a Lucas manual, I finally figured out how to set the points. Turns out the points hadn't been adjusted in so long that plate kind of seized in place and that's why I was having so much trouble getting it adjusted. I ordered up some new pick-up brushes . I'm picking up the new Amal 930 Friday afternoon, and hopefully the points and brushes will be here by then. After that, I'll know for sure if the mag is bad or good.
I finished the electrical last week too. Installed a Sparx battery eliminator and ran all new wire and upgraded the lights to 12V. I'm REALLY hoping to have this thing ready for the road by next week or so. Only time and money will tell.