A weak ignition will never be able to be tuned for.
A weak ignition is made worse with higher compression.
An engine with a weak ignition may still start easily enough and run okay, but it'll never properly ignite the mixture for a complete burn and will likely break up at higher engine speeds and loads.
It's common to see on worn engines that get a new ignition to start smoking. They were burning/loosing oil before, but it wasn't being thoroughly combusted and with a properly functioning ignition, the smoke is obvious. Not saying you're engine is worn, it's just an example of the difference a good ignition can make.
Having the sparkplug outside the cylinder and looking for spark is no more an indicator of it's energy than sticking a finger into the hole and seeing if it's blown out at TDC and saying that compression is good. Without quantitative data it's all just spiting in the wind. Unfortunately, there's no spark energy baseline for ATC engines that I know of off-hand, which makes it difficult to know where to start or to test a questionable ignition.
If it's a 40yo electronic ignition component, it's not as strong as it was when new. Run time doesn't even count here, it could be NOS, but the components are still degraded. The saving grace is a 200X has a mechanical advance, so it's not like a modern programmable ignition is needed, but they do save time versus fiddling with weights and springs. A performance build will not run properly or to it's full potential with a stock ignition and a preprogrammed 'performance' ignition isn't some magic bullet. Ignitions need tuned the same as a carb if it's all to work at it's best.
You may be able to use one of those cheap spark energy testers from Amazon or Ebay but you'll need known good data to compare it to. I think someone may have posted that on here, sometime ago, so search for that. What a cheap tester like that will tell you is not the same as something that measures spark energy on a running engine, but with good data it'll tell you enough. Load changes how much energy the ignition makes, they don't just dump everything they're capable of, just what's needed to jump the gap. It's like with engine HP ratings. They're not making that at idle or part throttle, that's the maximum they make, at maximum effort.
BTW, are those water droplets or fuel? If you're running the stock airbox, check that the air path through the frame isn't obstructed. Also, you've always had poor running machines if they foul plugs. I feel like if you ever had a good running stock machine, you may not have seen a need to try and increase power. A top condition stock engine that's tuned and runs clean everywhere is way more fun to ride than something built that only cleans up a WOT.
The story of three wheels and a man...