Update on this issue....hauled to bike out some 100 km's to a regional Velo guru, ex-racer/designer/seller of a complete e-starter kit for Velo/Owner of 4 excellent velo machines. He fired up my bike and took it for a quick spin. Report back was it is positively an ignition system related misfire, present across most of rev range. Might just be the external "coli" or CDI unit or might be the blackbox or the self-generating components within the BTH mag casing.
Unfortunately trying to get it serviced back in UK is going to be an expensive endeavour. Have heard from other velo owners on the forums that similar experiences as mine were never adequately addressed by the retailer even after much shipping to/from UK cost to owner.
I could just order a new external coil unit to try and hope it is the issue. Unsure what tests if any I can perform on existing one to help determine if faulty. I am thinking to just swap in a regular 6-volt coil from my Commando spares, powering it by the BTH primary leads just to see what happens....bad idea?
Researching other options, original Lucas K1F type mag's do come up on Ebay and the like...in the 200 GBP range but unless fully tested would need to sent to rebuilder for further costs/shipping charges.
The Velo parts supplier Groves Classics, does list a mag EI kit of their own design for 200 GBP, as well as being a reseller of the BTH EI Mag unit for nearly 600 GBP.
I also came across a TriSpark offering for Velocette, complete EI conversion, for around $650 AUD. It appears to use the exact same EI stator we use in our Commandos. Interestingly, I have a compete TriSpark unit for my Commando I have not installed. Wondering if they would sell me just the housing parts to save me some serious $$$? Will see what they say....