Your gap is likely OK if you have a fat blue spark & looks like you found the right(and expensive) replacement CDI ignition for your Rally. I have the same type on my '76 Rally and the nice thing is that when mine 'died', I was able to fix it by just replacing the separate hi tension coil.
dr.ona wrote:
Timing and/or gap.
Is the plug wet?
Don't twist the throttle when it's choked.
If you marked the stator location before you pulled it & put it back in the same place, the motor should run, even if not yet as well as after you get the timing set perfectly. I've found these motors are fairly forgiving that way.
So... again,
IS your plug wet? If you're seeing gas going thru the carb and you're choking w/ throttle open, I would guess it's flooded. Happens to me more than I'd care to admit.
What I've done : Pull & dry the plug or use a another new one. Close the fuel tap & kick it over 15-20 times w/ plug out & throttle full open. Now install clean plug, try again w/ gas tap still closed, no choke & maybe a little throttle.
Now if it won't even pop, and if you find the plug is wet still/again, repeat the above. If it's dry this time put a spoon of gas right down carb throat & try again. Once it fires up & revs you can open the fuel tap & try it the normal way.
Note- if you used a lot of 2T oil for your motor reassembly, that may complicate things showing a 'wet' plug when you still haven't got enough gas in the cylinder. That's why I like the spoon of gas down the carb when the going gets tough.
There may be better methods but this has always worked for me when I have spark AND the timing is in the ballpark.
Good Luck!