I have another question though, on a stator if the charging portion of the stator is bad but the exciter is good, will it still produce spark?of course one end of magneto (stator) windings will be grounded, otherwise the flywheel magnets would not induce current flow as they spin by..
Black/Red circuit should be over 100 volts while cranking per Honda specs while using peak voltage adapter attached to your digital volt meter set to DC. without specific test equipment as illustrated in Honda oem shop manual, your voltage readings are unreliable.
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i ran out of time and funds to put towards the bike. and it was taking up space that we just didnt have to spare so I am very saddened to say i let it goI'm a little late to the party but did you ever get this motorcycle to run? Are you still wanting to sell it? Have a great day