Update:
After snowblowing the drive enought to get out, church and breakfast, I've had time to fiddle with things.
1-4 gap was tight at .01" and had some corrosion/arc buildup. Quick work with a fine needle file and it was cleaned up. Adjusted the gap to .014" (using the tools at my disposal, I opted to use a .0001" test indicator to measure deflection when using the shims; overkill?)
2-3...well, that had almost zero gap. What the heck is up with that?! Again, cleaned it up and adjusted it.
Now, on to timing (using a test light):
1-4 was to the right of the "F". (forgive my noob ignorance here, does that make it advanced?) I adjusted the main plate to get it to light up right on the nose of the "F hash mark.
2-3 was the reverse, almost 3/16" beyond the "F". (again, noob here; is that retarded timing?) (that's not politically correct anymore, what word is proper?)
I adjusted the 2-3 plate itself.
I'll get back out in the shop later this afternoon to double check my point gaps are proper after all this fiddling.
I must say, on a personal note; I find it almost cathartic to work on this bike. Just focused on the task at hand, learning as I go, it's peaceful (although I wasn't feeling that when I was putting on the airbox last week!)