Welcome aboard,
Felidunsr
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Getting shocked when spinning the magneto - That's good because it shows part of it is working.
What condition is the carbon button in the cap? Is it springing out if you push gently on it? Are you using a spark tester to check for spark?
One more thing - Take off the wire, white I think, on the stud on the outside of the magneto and check for spark again. That's the kill wire and it is switched to ground to kill sparks for shutdown. Old Mercs often have wiring that falls apart from age and you could have a short to ground on the kill wire.
One more thing - Is this a pull start or electric start?