A large magnetic impulses can cause significant currents in an electrolyte, which may trigger an electrical response. But I don't see how an axon can generate sufficient magnetic field to influence a neighbour. I think an electrical model that ignores magnetic fields may be quite realistic.
The myelin sheath can be seen as the common black insulation on a coaxial cable. I suspect the diffusion channels at the nodes are used to balance the electrolyte levels within the axon.
So consider a model where there is a matrix of resistors at each node. That matrix represents the ion flows across the node, between layers and with the external ion reservoir. That external ion reservoir can probably be modeled as an electrical ground.
If the gaps in the myelin sheaths of parallel axons line up with each other, then there may be some slight coupling or modulation between nodes by ground potential differences, due to ground currents. But I expect the “internal” signals are sufficiently “digital” to not be significantly effected.
If we think of a node as a resistive “T” or “Pi” attenuator, then there must be sufficient gain in the chemical transmission line, (axon), to regenerate the pulse after attenuation through a node. I guess diffusion at the node must also provide the chemical energy to power that gain.
What would the resistive matrix modelling a node look like? What ions are flowing?
The more I think about the model, the less I see it as coupled antennas, and the more I see it as a network of currents.