I checked continuity with the kill switch and it's functioning as it should. I pulled the flywheel/stator cover and the gasket had clearly failed. Everything was covered in this nasty grease/grime and stuff had corroded a bit. The pickup was maybe 3X the gap that it should've been and the screws for it were rusted solid and stripped. While trying to get them to come free I snapped the damn timing plate. I think I'm going to just pick up a known to be good OEM stator, timing plate, and pickup. IF for some awful reason that's not the issue, I'll find someone local to swap CDI's with and see if that's the issue. There really is NO other reason for this.... Fingers crossed....
Anyone have an OEM stator/timing plate/pickup for a decent price?