Hi great project you got going there, a good link about the dizzy mod here
http://www.starchak.ca/tech/pdfs/hitachi.pdf
theres a link at the end to the 123 unit very nice $$$ though
I found this mod close to 10 years ago can't find text on that but I had the chance then to get 2 dizzies a D4R80-08 pulsar I think and a D4R83-36 think sentra, the info I found back then said one was good for a standard engine and the other more suited the modified one not sure which one is which now. Fast forward to a few weeks back finaly draged from storage I bench tested a 1275 alegro engine with the pulsar one it runs fine the motor has a DHLA 45 Dellorto on it and when tested no vacuum hoses on and don't know how the dizzy curve will work out as can't road test for some time yet I just wanted to test the mod. In the link info they say cut the swing arm off turn down or file the base to fit the mini clamp I traced the mini clamp on to some sheet and included extra metal for the swing arm and a sloted hole with a bolt and a recangle nut that rocks when tighten and locks against the block a heck of a lot easier to adjust the timing than the mini clamp. Also thinking of un screwing the vacuum unit and redrilling the locking hole 180 deg so the connecting pipe comes out away from the engine.
now the important bit yours
1) the link pics of the mod and my running dizzy have the vacuum unit 180 deg from yours
2) mine would only fire when I first tried it and by what I can see in the pic you just may have made the same opps as me, us mini nuts have firing order 1-3-4-2 brain implanted but the dizzy turns anti clockwise so looks like cylinders 2 and 3 ht leads are backwards and would hate that to seal your thunder and stop a first crank fireup for your rebuild.
Cheers may your build go well