The voltage regulator will not be located under the shroud. This manual should help you identify the type of charging system you have and how to test it. Look at the color of the wires and connectors. When testing you must have a fully charged battery and need 12V going to the regulator which if your engine has one will be on the the outside of the engine. If your have a diode system testing is different.
https://docs.google.com/open?id=0B6NaqjIxWV1ySkZjTTA5TGltZEE
The engine is Model 40777 Type 0229 E1 Code 021018YG.
Well, one problem is solved! According to the manual (THANKS for the link!), I have a "Dual Circuit" alternator and it is unregulated, so no voltage regulator and I can quit looking! Haha!
I followed the dual circuit diode testing procedure on the DC output side (indicated by red wire and raised rib on the white connector) and my meter gave a single beep and displayed a 0.5V voltage drop. As I understand it, this is supposed to mean the diode is good. HOWEVER, I checked for DC output voltage (by connecting one lead of meter to DC output connector and one to ground) and it indicated 24V
AC at full throttle, not DC!!! (on the AC/lighting circuit output, it showed about 14VAC).
My questions are:
Is the diode and or stator defective despite the diode test results?
If just the diode is bad, the manual mentions a "service diode replacement harness," but I can't find an exact description for the part in the parts manual.
Or, does one have to replace the entire alternator/stator?