We only get a ten minute editing window, darn it. What I meant to say was that the book speaks to contaminating the points with oil, and causing premature wear on the contact points. If you are using the felt wiper to lubricate the micarta points block, it's misplaced. Yes, I have read on some gear head websites and forums that this is the purpose of that felt pad. I have to wonder though, how an engine mechanic would assume that a tiny dab of white grease was going to be enough to keep the cam lubricated through 20,000 or more miles of engine operation, spanning a year or more.
Some of these Tecumseh engines have been running for decades without ever having the felt pads lubricated, or the points replaced, while being left outside in four seasons of weather.
Just my opinion on another popular notion, being displaced by electronic ignitions- so long ago, that even those Tecumseh engines are considered "vintage" and "antique."
When you go to time the engine, you will need that book, as it has the specs for piston-depth inches BTDC you set the magneto plate at after setting the points at the initial TDC gap of .020. In some cases, you'll need an initial gap tighter than that in order to bring the mag slide into specification. But fear not, they'll still fire as close as .014. And ensure that electrical terminal is snugged up (without the wire of course) while setting this.