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After chipping away the melted plastic from the condenser and points I took it apart. Surprisingly the internals still worked, the shaft spun and the advance operated. I let the parts soak in the parts washer for a few hours. I then cleaned and all the soot and burnt oil came off. There was no premanent damage to any of the metal parts. I replaced the usual parts during a rebuild and put it back together.
When done it's as good as new. It's a testament to the quality of Bosch distributors.