I may not need to do the stator at all - If I checked it correctly, I have a bad diode or 2 in the Rectifier. (which is ratty looking, and rusted in place - definitely not a newly-replaced part) I drained the 3 gallons of varnish last night, but the petcock doesn't seem to work at all. I put a Mityvac on one of the vacuum ports and plugged the other with my finger. pulled 15lbs of vacuum and no gas dripped out on any setting (RES/ON/OFF) Now that the tank's empty I can pull the petcock and examine.
Also found the vent tube on the bottom of the tank (right above the center frame rail) was chewed off by mice.
Will a bad rectifier mimic the symptoms of a bad stator? Or could a bad rectifier have CAUSED a bad stator? I still haven't had it running so I can't check voltage at speed. The battery that came with it was "new" from the previous owner (bought the bike in '10) and is a Wal-Mart battery. (which have one-star reviews) and it was dry inside, will all the caps in place.
I looked closely at the spare stator that came with the bike - I had thought it was a junkyard takeoff because it's rusty, but it may actually be brand new and just rusty from sitting in hay in a chicken coop for years. The rubber grommet looks new - no creases from being smashed in a case, and no silicone. Don't think I'll take a chance on it (especially without a case mod) so I'll probably buy new. Even if it is new, it could be an ebay junk cheapie.
I think the new plan is to get it running, check voltage situation, then see what needs done. In my research I came across some VN750 bobber pictures - I REALLY like the looks of them! If I get this running cheap I may go that route! (but keep factory paint - the paint is beautiful on this thing - I polished the tank last night - to keep any spilled gasoline from doing too much damage)