Yes.
And because it is exposed to the air and the dust discharge from the front wheel they system requires annual disassembly, cleaning and lubrication.
If you mark the Dyna-S carefully you can remove and reinstall without altering the ignition timing.
Caution: The magnetic rotor can be installed TWO ways and only one way will run the engine. Mark carefully before you disassemble.
Patrick Hayes
Fremont CA