That's a cool find! And I agree with your assessment on the marking. I would say almost undoubtedly. I can't think of any other logical explanation. When those two abbreviations are together, that's always what it means in my experience. I really like the way the periods and the hyphens are all center aligned. Very neat.
But it's not a "jeep" (Willys MB or Ford GPW) gapper. Points were set at .020. I'll check my TM for other gaps (pinion, etc), but those figures are not recognizable off the top of my head. The jeep toolkit did not have a feeler gauge or gapper, at any rate. The tools were only preventive maintenance. The GMTK at 2nd echelon depots, where multiple vehicles were worked on (jeeps, Dodge weapons carriers, 2.5T Jimmies, etc), had a feeler gauge and a wire type gapper with point bending tool. The feeler gauge went from .0015 to .015 in nine (9) blades. The gapper/bender went from .020 to .040 in six wires.