As mentioned, the only way to accurately locate the FW is to do it with a timing light and a segment of a degree wheel. You will need a reversible variable speed drill and a timing light that will probably require a 12volt power source. The clutch has to be removed and a degree wheel (easy to make) attached to the crank, then you have to locate the piston to TDC and place a pointer on the wheel. By using the location of the FW magnets and the coil, mount the FW on the crank as a "best guess" to where it should be. Next you have to remove the plug and ground the base to the cylinder with a test lead, squirt some WD40 or light oil in to give the p/cyl some lub, hook up the timing light and use the drill attached to the nut on the FW to rotate the engine in the proper direction (ignition ON). Just bring the engine speed up until the light flashes and strobe the degree wheel (if the FW nut comes off, it wasn't tight enough). The strobed mark on the degree wheel will tell you where the spark is now occurring and you can use that to adjust it to where it should be. Not as difficult as it sounds and if you want to pursue it, I can provide better details.