Ok I used some time last night, it does have points under the flywheel, I can see them though a small oval hole in the flywheel. they seem to be a bit stiff with little or no spring pulling them closed. If I open them with a screw driver they stay open, I shot a bit of lube on them and now they will close on there own but not with any real force. If I use the kick start and turn the kill switch on and off I get a spark just once if I time it right. This leads me to believe playing with the kill switch will cause a break and if timed right will make the spark.
Getting the flywheel off is going to require making a tool.