I eventually got some Mallory cam points grease : http://shop.advanceautoparts.com/web...ory_22901018-p
The 'official BMW' Bosch greases are:
Breather lubricating felt/Centrifugal advance mechanism........Bosch Ft 1 v 4 grease
Centrifugal advance unit bearing shaft........Bosch Ft 1 v 26 grease
Capital Cycle and Motobins sells the former. I could not find anyone selling the Bosch Ft1v26 grease. I got the Mallory cam grease off ebay for a total cost ~$18.00.
The two greases are for two different purposes. The advance grease is for the centrifugal advance mechanism while the bearing shaft grease goes on the cam for the points. The felt, from my interpretation, is to wipe off any excess grease and the Bosch FT1V26 grease is a substitute for the Mallory cam grease (or vise versa).
Snowbum has some comments on the points grease and felt: http://bmwmotorcycletech.info/ignitionsingleplug.htm