While it's open, maybe make sure the timer base moves freely? doesn't hang up?. Make sure there's no oozing from the stator coils...
Not sure about sanding the magnets or anything else right now, but I'm sure the more experienced here have some great tips on that and other things worth checking..
Just make sure tapers have a good mating surface, not pitted, scored etc...
I used Prussian blue to check mine, but whatever works for you.. lol
You can use valve lapping compound to get a better fit if needed..
Also, be sure there is nothing on the tapers when installing again.. clean, dry, degreased, no lube etc..
You want the key installed so the flat face of it is parallel to the crankshaft..
I think F_R shared a pic of the key installation somewhere here.. I can look for it, but maybe he or someone can post that pic here for you.. :noidea:
If you use something on the threads like anti-seizes or Loctite, just make sure it doesn't get on the tapers.. lol...