Kicks Back Blues

So I just picked up a 92 Timberwolf 250 2wd as a fixer upper, but now that I have undone all the previously screwed up repairs I am stuck on an ignition issue.

There is tons of spark, and the stator and pickup checkout OK. It looks like there is a new ign coil on it. I pulled the flywheel and checked the key, and its fine. Initially I could only use the electric start and suspected a weak starter, but I tuned it up and its working better. Once I got the rewind back together I confirmed that I have a timing issue. Give it a pull and there is severe kickback. It wont start with elec. or rewind.

I suspect the CDI box, but am looking for suggestions that might bail me out of a $200 bill.

Thanks gang