Hello,
I have a hair pulling no spark situation. Motor turns fast enough, so I assume this should be sparking.
1-Replaced magneto, It was a little different but should have worked.
No it won't work, There is a chip in there that controls the spark and very few of them are the same.
2-pulled flywheel to check stator and wiring
Stator has nothing to do with the spark the spark is self generated by the external module. If the 2 are ever connected the coil will have been destroyed.
3-unplugged kill wire at magneto still no start
Should have been the first thing you did. Check the wire to ensure there is never voltage to the coil wires. It is very sensitive even some cheap multi meters can destroy them
4-checked all grounds and switches, which I believe wont even allow starter to turn if theres a problem.
5-Air gap is .012