Combine all marinade ingredients except the olive oil in a mixing bowl. Mix well. While whisking, add the olive oil in a thin stream until fully incorporated. Marinate the chicken for between six and eight hours in plastic food storage bags.
To grill the chicken, lightly brush it with clarified butter or olive oil. Season lightly with Magic seasoning.
Place the chicken on a very hot grill or in a black iron skillet, and cook about three minutes on each side, until done. Cook the hindquarter pieces skin side down first. If using an outdoor barbecue grill, you might want to baste the chicken with the leftover marinade.
To make the sauce, melt 1 Tbs. of the butter in a heavy skillet over medium-high heat. Add the bell pepper, jalapeno, and garlic. Cook for about a minute, stirring constantly.
Add the chicken stock and bring to a boil. Add the lemon juice and the honey. Add the remaining butter. Stir or shake the skillet just until the butter is melted and fully incorporated. Serve immediately over the grilled chicken.