I have not taken a 1936 206 apart, so my thoughts on that "screw" are just my opinion ...but I thought that it was a external "set screw" used to fasten the upper oil pump housing. Others here may know better than me. That "screw" and the combined oil fill/draft tube on the driver side is a qwik way to spot an early 206 versus latter 216's.
I will shift my future responses to the Engine shop section.

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206 style distributor.jpg (39.01 KB, 26 downloads)