To recap:all three stator wires directly wired to regulator, single point ground system as described in stator papers, reg+ directly to battery+. Will check all the ends of the grounds again. The wiring harness is two years old (as was all electrical components). What is still getting me is the 50vac at 5k to ground on each stator leg yet it is putting out over 90vac into the dummy load as described in the revised stator papers. The only small clue i have to go on right now is that the charge voltage reaches 14v with the headlight fuse removed (before you go there i have also tried a different fuse box!)
The issue seems to be centered on the stator; what resistor value are you using for the dummy load. It seems like it is a pretty high value > 100 ohms.
I dont undertsand why the light fuse makes any difference unless you re overloading the charging system, which may be the case since you have limited output with your shorting stator.
Have you tried to buss out the stator (ohm meter?)to see if you can find where it is shorting?