Sooo...., it sounds like bad timing is a common denominator among failed pulleys.
Speaking of bad timing, my no-spark MM is now a runner, albeit a pretty ragged one. Coincidentally, it seems like a timing issue -- complete with occasional backfiring before it finally fires. Also sounds like weird detonation occurring while it's idling. I can dial it in for a fairly snappy throttle response and it settles back down as it should, then starts to knock and ping until I lean it out some. My intention is to revisit the points which were essentially black when I initially checked them. Changed the condenser, cleaned them the best I could and they looked good with good spark, but may have been gapped a little tight. I struggled with that for some reason and am not confident they were set correctly. Didn't seem like there was any way to do it with the precision I'm used to when setting points. I'm probably overlooking something very simple there.
And without doing any searching, has anyone figured out where to stick a chip in one o' these? Not much real estate to hide one even with the condenser removed. Could at least eliminate one reason to tear one apart a second time -- for ignition problems, anyway.