Regarding the felt seal, I see that as an antiquated setup at best! If it does "seal" correctly, all it is doing is keeping dirt out, which is good, and directing crankcase oil vapor into the magneto! That's fine for the bearings in the mag, but not for the rest of the mag, especially when it makes it's way into the points housing. I've installed a modern single lip seal into the cam case on my 24 and 31 Chiefs as well as a few X's. I've been running the 24 Chief for 26 years and it works great! The shoulder on the mag gear is 1.0" od, so polish it up nicely and the seal runs here. Installing the seal in the case will require setting the right side case up in a mill, indicating the center and boring the hole to fit the seal. It's a great set up. I mentioned this some time ago and George chimed in on my seal idea. He was not a fan because it is virtually impossible to find the exact center of where the mag gear will actually be, after installing the mag and setting the gear lash properly, maybe with a few shims. What I do is find the center of the original hole and work from there. If in the end the gear center is off a bit, it's not a problem, the lip seal can give a bit one way or the other and still seal up perfectly. I will use my 24 Chief as a tried and true example! It has worked flawlessly for decades. I did rebuild the engine last spring and replaced the seal, though it looked just fine. Remember too, the mag turns at camshaft speed, which is fairly slow, so it's a low wear seal and well lubricated.