Something may be wrong with your measurements. the yellow stator wires will put out an AC voltage when the motor runs. The rectifier converts that to a DC voltage to charge the battery. The system is unregulated, but the high load of the battery keeps the voltage under control for the most part.
So if you are seeing bouncing voltages at the rectifier, either you have a loose connection to the battery, and you are just seeing battery voltage or the stator is sorta charging. I vote for the former, as the battery usually keeps the charging voltage stable.
Your ohm measurements point to a bad stator, however, if the wiring at the stator is good, the stator is usually good, as it is just a coil. At this age, the wire's insulation usually falls off and grounds the stator, or the copper connector rots away.
I would look for a broken stator wire, where it enters the stator. The stator may be removed after the 8 bolts are removed from the flywheel. Set the motor to TDC, so the flywheel will be easy to re-install.
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