Ah yes, instead of power being generated by the relative motion of conductors and fluxes, it is produced by the modial interaction of magneto-reluctance and capacitive diractance.Looks like an old style analog encabulator before the Amish introduced turbo models
My guess is a very old Tuning coil. Maybe for a HAM radio.
I'm with you, looks like an early megger of some type.Not sure. Electrical measurement tool of some kind. Most likely an early "Megger" used to test motor windings. Just my guess. That disc on the right looks like it rises and falls with the crank, so some sort of measurement can be observed through the site glass.