Star Tech, it's mounted to the steel side cover of the engine which is bolted to the engine. I can run a separate ground wire directly to the battery no problem. But I figured when the original regulator was showing over 14v on the output, that that indicated it was working. It seems as though it's more of an amp problem than a volt problem if that makes sense....with the engine at high rpm, the battery voltage never increased, in fact it slowly dropped over about a 15 minute period.
The extra ground wire is something I'll do tomorrow before I swap the flywheel. I really don't think the flywheel will turn out to be the problem, but since everything has to come off to replace the stator anyway, I'll give it a try.
Rivets, thanks for the link, I'm about to dig in now.