You repeat "I welded the frame some time back and forgot to disconnect the battery so i fried the battery" but it is not clear what you mean by "blew". Did the battery explode due to a hydrogen-oxygen ignition?
Did the battery fail to provide starting current immediately after the welding?
Having a battery failure as the result of welding on the machine is almost unheard of....I can't advance a credible theory as to how this might happen excepting an ignition explosion. Keep in mind that I'm speaking from 50+ years involved in the mechanical repair trades so should have been made aware of something.
There is a difference in opinion amoung the top technicians regarding the best strategy for avoiding problems which might arise from arc welding on a vehicle. The largest sample group in this regard would be the heavy truck and equipment (construction, mining, logging, agricultural) repair industries who almost universally use purpose designed devices which are jumpered across the battery. Not again that this practice is solely intended to protect electronics with no regard to battery issues because these were unreported over decades prior to the advent of on-board electronics.
In fact, I have been an early advocate of the theory that disconnecting the battery and leaving cables disconnected may contribute rather than mitigate risks because the battery will provide a shunt to high voltage which might be induced or applied during welding. It is my belief that disconnecting the battery and connecting the positive & negative cables would be preferable but likely not greatly superior to simply leaving the battery connected.
In short, in the absence of evidence to the contrary, it is my view that the welding is an unrelated incident and that you will be best to return to the basics to diagnose a basic ignition problem affecting one coil.
Since your system is reported to be breaker point, this you need to confirm as retro-fitting of these old systems to aftermarket electronics with or without breaker point involvement is common, you have a relatively simple system to diagnose.
The power supply (switched positive) from the ignition switch is common to the coils so check connectors but power to one should be power to both. Did you check at the coils?
The other end of the coil primary (the 12 volt side) goes to ground through the breaker points. Swapping the coils (reversing the breaker point wires to the opposite coil and breaker, will either see the spark from the same coil or from the same breaker points. This will direct you to the problem area. After that it will be a matter of further inspection to see if the coil can be salvaged or whether the issue is in the wiring, breaker point or condenser.
The VRR is not directly involved in the ignition circuit so this will not be the issue regarding spark from one coil only. Likewise, the stator has no involvement unless you are concerned with the trigger coil for an electronic ignition system which has the trigger coil constructed as part of the alternator stator.
Any chance you have mixed some wires? My own 1970 GS850, for example was not running when acquired because the PO had interchanged the fuel sender and ignition wires. It can and does happen.
Often the most effective solution is to have your brother-in-law stop over and check the wiring colors. Since he will plague you for ever over a simple oversight, he is bound to spot any error almost instantly.
Green wires are ground when considering Honda and this extends to some other Japanese lines as well as for many Chinese machines. Other Japanese lines use black for ground so one needs to keep this in mind when adapting parts.