Assuming that the test was done correctly, that would indicate problems with the stator ( I'll guess degrading insulation, allowing arcing to occur)
The insulation degrades by getting cracks in it and flaking off.
where cracks on adjacent coils are near enough it can then short across the coils, effectively taking them out of the circuit.
If it hasn't degraded too much yet (and I'll guess it hasn't since it still charges some) you might be able to "fix" your existing stator for fairly cheap and easy.
The insulation on the wires is a type of varnish. Stator winding wire comes with a layer of varnish on it, but after the stator is wound, it is supposed to be dipped (or possibly painted) with additional varnish.
There are a series of procedures on how to clean, dry, revarnish, and then bake windings. I don't know the details, but a motor winding shop would.
I would call around to them and see how much it would be to either have them revarnish, or for the varnish to do it yourself.
I would assume this would be much less $ than a new stator or even having it rewound (certainly less effort than a rewind).
I have no actual experience with doing it, but it possibly an option to look into.
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