Look at the diagram I posted it shows the mercury switch connected to the white and brown wires, at full tilt it will kill the ignition; the distributor cam only fits one way look up into the housing and match the position. Yes it has an alternator for charging the battery only, not ignition.
the red plastic fitting holds a carbon brush it will not spark without it.post serial # of motor. two sets of points that need to be checked and gapped correct with new condensers rotor was held on with locktight. don't break it. marine engine for parts diagram