The 30 Vac is what I pulled from Briggs' Service Manual and I was spot on there with my multimeter. I haven't tested the DC voltage to the battery or at the terminals yet but the issue I found on my Cub Cadet was that I was reading the correct voltage at the red wire but there was no measurable current. Sounds impossible I know! The issue is that I cannot find a multimeter that will measure DC current over 10 amps. Based on my rectifier and ac voltage output I can see up to 16 amps through that red wire and I don't want to blow my new meter trying it out. Before pay $80 for a rectifier that I cannot return, I was hoping that someone could provide, with confidence, some insight into this problem.
So the alternator is developing full power voltage that means the stator is OK and properly grounded
Now what is the DC rectified voltage ?
Very common for the ground strap to the rectifier to break so the mower never gets any of the power the alternator is generating as the DC side is open circuit.
While the initial power draw of an electric clutch is quite high, it is not as high as the cranking current that the battery supplies to the starter motor so the clutch creating a big enough power draw to cause a voltage drop sufficient to close the fuel solenoid is very small unless there is a dead short in the clutch or the clutch wiring.
OTOH an blown diode in the rectifier that is conducting both ways will cause a power draw while the engine is off as it will be trying to make the alternator motor.
Back in the early days the rectifier + feed wire was routed through the ignition switch to prevent this happening but this caused a lot of ignition switch and flat battery problems so every one other then JD , Walker & Grasshopper now run the feed directly to the battery thus bypassing the ignition switch.
The same diode problem will cause the battery to see pulsed DC not rectified DC similar to the old 3 & 5 single diode system used on smaller B & S engines.
The problem with your CUB is not incrediable but quite common and caused by the flat metal earth strap that grounds the rectifier fracturing so it s just touching most of the time thus you can get a voltage reading but very low current flow.
In bad cases you get enough arcing at the bad connection to see it glow a dull red at night.
Electrical problems need to be fixed not worked around.