Here’s some links to some manuals which should cover your motor.
http://www.austinsailor.net/manuals/manuals.html
http://www.austinsailor.net/manuals/pre27/pre27jhn.html
If the mag plate is warped and the coil lams are rubbing on the flywheel magnets, it can be straightened by gently twisting it with two hands. It is cast and it will break if you get to aggressive with it so easy does it!
The black tar like material helps hold the ends of the plug wires in place and can be chipped or melted out when replacing the coil. You have to be careful as the terminals are near the bottom of the coil and could get damaged while poking away in there.


And an F 70 Mag plate after a cleanup.
