OK.
I'm not sure where you obtained your knowledge but MOST IS NOT CORRECT!
You have 1 DREAM 305 HONDA and the same points.
SO WHAT!
If you think modifying the points plate will adjust a mechanical miss assembly you are some mechanic.
,,,,,,,,,,,Just put your thumb over the spark plug hole and kick the engine over. If your thumb gets blown off forcefully, the compression's prolly okay>>>>>>>>>>>>>
FIVE POUNDS COMPRESSION WITH A C110 50CC ENGINE WILL PASS YOUR TEST!
WHAT YOU OFFER THIS FELLER AS ADVICE WILL ALLOW THE engine to run BUT IT WILL BE OUT OF TIME AND WILL RUN HOT AND SEIZE EVENTUALLY.
Ya better be careful stepper!. .....................lm
Nick wrote:....Do you actually think.....
It's not uncommon for the points rubbing block to wear so much that you run out of adjustment on the backing plate (mine is like that now). It doesn't mean the cam's out of time, nor does it mean you can't use other methods to time it that will work perfectly okay.
After almost 20 years of semi-regular riding my Dream still has the same set of points that were in it when I pulled it out of the junkyard.
Regarding the compression, here's another guerilla tuning trick:
Just put your thumb over the spark plug hole and kick the engine over. If your thumb gets blown off forcefully, the compression's prolly okay. Or, you can also simply feel how much resistance there is at the kickstarter.
Check the tappet clearance, make sure carb is in order, check timing, adjust cam chain. Do everything as per the manual.
Also check that the centrifugal advance is working and that it is not frozen up.
Pulling the engine and taking it to bits can be a lot of fun; putting it back together properly takes a lot of time, money and knowledge.....