Hey Kid,
Back again from the garage, and just read your post. Thanks for the advice.
This afternoon I found a troubleshooting chart for my 1650 Cadet with a 15Amp stator circuit. For anyone else who may look at this thread here is the info it gives: 1). Remove connector from regulator (rectifier). Start and run engine at 3600 RPM, and measure the AC voltage across the stator wires. If the voltage is 28V or more the rectifier/regulator is faulty. If voltage is less then 28V problem probably in Stator. In my case I was gettin 32V, so Stator is Good, issue with the Rectifier.
2) you can check the Stator using an ohm meter with the engine NOT running. if the resistance is 0.1 / 0.2 ohms then the stator is OK. If resistance is infinity then stator is faulty. 3). Check resistance from each stator wire (one at at time) to ground. The resisitance should be infinity, if not the stator is shorted and is faulty.
Thanks to everyone who helped me out. Now I just have to find a supplier for an inexpensive unit. I'm from Canada, and here they want $76.00 then add anothe 13% for tax! Any one know of a good place to get one in the US (I live in Eastern Ontario on the Northern NY border)