Time for a little troubleshooting. Disconnect the battery and with the ignition switch on, check the resistance between the positive cable and the center terminal on the voltage regulator. There should be zero resistance. If there is resistance, determine the cause, could be: blown fuse, but engine wouldn't start; corrosion on any of the terminals between regulator and battery including the plugs on the regulator and ignition switch. Check that the regulator's metal case has a good ground. If that all checks good, reconnect the battery and regulator. Start the engine. With your multimeter set to ac volts, place the probes on the two outside terminals of your regulator. Output should be in the neighborhood of 25 -28 volts ac. If there is no output, turn engine off and unplug regulator. Check continuity between the outside terminals on the plug. Anything other than zero ohms indicates a bad stator. Also, on your highest ohm scale, check from either of the two terminals that you just checked to ground to insure that the stator isn't shorted to ground. If that is ok, reconnect regulator and set your meter to DC volts to test the voltage on the center terminal. Should read approx 12.5 -13.5 volts - should see an increase at higher RPM.:thumbsup:
Jim