Re: Need Solution
The magneto produces an AC voltage, not DC. It may read some erratic DC if you try. If it's producing voltage (while pedaling), look elsewhere.
I'd say pull the head off and take a look. See if the cylinder looks good in there or if there's any scoring.
Also, piston ported 2 strokes have an issue when the ignition system goes. The carb still does its job and sprays fuel in the crank case. So if it's full of fuel, it could still be flooded if the spark is in fact working.
Never stop wrenching