Ironically, I haven't had the personal pleasure of having a Suzuki coil crap out on me
yet, my experience was with other brands.
As for your early 80's 2-legger coil (1 magnet on the flywheel), this person over on GW did the aftermarket transistor retrofit on their p/n 80-1990 ~Toro has since superceded the 80-1990 with the 17-1529~ and has this to say;
http://forums2.gardenweb.com/forums/load/lmower/msg0323330021380.html
As for your 3-legger coil (2 magnets on the flywheel), used since 1985 I beleive, the transistor module should be under the pronounced "bump" on the coil itself, just center of where the high tension lead enters. Another option someone did was removing the coil itself off the iron core and replacing it with another ..off a B&S or Tecumseh if I remember. Anything to avoid Toro's $200+ extortionist replacement cost on this bugger.
All this is assuming you've already tried "baking" it back into service, albeit usually temporary service ?
Toro actually mounted these transistors externally with a separate wire lead to the coil, on their snowblowers that used this same 47P engine. Guess they thought the heat and vibration was much greater on them due to the enclosed engine on these units. Probably a good idea to do the same for the aftermarket transistor on your mower, place it out in the airflow, while still protected.