Please forgive the question, but is it an absolute certainty that the existing igniter is dead?
Oem KZ electronic ignition with igniter is an excellent system.
Sorry, I don't know about the GM HEI Ignitor Substitute for your bike or any headaches about the conversion.
My preference would be to apply replacement part money toward a new Dyna-S ignition, which as known is a self-contained unit under the points cover, eliminates needing the igniter, and is quick and easy to install, relatively long-lasting, and offers excellent performance enjoyed by many riders.
Oem coils (used with the igniter) are probably less than 3 ohms, so would need to add a suitable resistor for continued use of oem coils with Dyna-S ignition.
While at it, would spring for the green Dyna coils and solid core spark plug wires (delivered with pre-fitted caps).
Z1E also lists an alternate very inexpensive coil pair suitable for Dyna-S ignition.
Good Luck!