If it has the coil on the side like that; I don’t think it has points. It’s “Solid State”.
I had one like that and I got it running by swapping that coil with an OMC coil; not the “Universal Magneto” coil…..but an OMC coil from a later model engine that had two coils mounted on the powerhead much like your Ted Williams does. I had a couple of those coils sitting around; I probably wouldn’t have invested that much in the Teddy otherwise.
They are reliable enougn I suppose but very loud and lots of vibration. Also; there is an impeller that serves to cool the mid-section. If that is not functioning youi will eventually destroy the engines’ bottom seal.
There should be an ID plate on the transom mount that will ID the motor andallow you to consult a parts listing.