I doubt there has been a timing light put on it Loz,
Normally it's simply a case of bolt the stator on, align the plate mark with the mounting screw centre or case mark (whichever it may be) and it's somewhere within the ballpark..enough to at least start and run.
I've had little to do with the N or T models but I can't think of anything that could cause this except maybe an incorrect rotor or stator. As he says, he's tried different 125N/T rotors and stators with the same result. This guy has been around aircooled RM's longer than me and has plenty of experience but never seen/heard of this issue before.
Trying to get some close up pics of the offending ignition but if the ignition is correct for the model then I'm at a complete loss also