1978 Goldwing engine cranks but will not start Possible charging system issue with the breaker points?

First, eliminate problems step by step. Do you have fuel to the carb. and into the engine ? Next, do you have spark at the plugs ? If not check that. If yes to the above, then timing could be an issue. The charging system ( stator ) should have no bearing on start up, only in keeping the battery charged.