It's certainly the correct location for the kill wire entry point to the circuit. If that's indeed a solder lug you have circled, I'd say you're in the right place. You could do some metering to further determine if a switched short to ground of the ignition circuit would be established from that point..., perhaps directly to the adjacent lug. My guess would be yes. Please post your results. Aside from the capacitor issue with these ignitions, the kill wire problem is a close second in their premature death. Knowing where to attach a new one (with better insulation) at the circuit itself would be another valuable solution to giving these ignitions new life.
One of these days I'll repair this one to revive a nice old 056 I got cheap with a bad SEM ignition. Found this Bosch coil and accompanying flywheel locally..., shortly after finding this thread. Seems like something else has been in the way of getting to it ever since. Last project was rebuilding an 045, so I'm at least getting closer!