Re: Stator
For sure I have a rectifier, If I had both where would the voltage regulator be on the motor?
There were two types of regulators that might have been used on your engine depending on how original it is. One regulator type is located under the coil mount and is actually inside the exhaust divider and water cooled. Merc doesn't make them anymore. The other type is a small rectifier that is mounted at the rear of the flywheel on top of the block and between the two heads. It connects to the trim solenoid main power and that connects it the battery. I don't think Merc makes those any more either.
CDI makes a regulator for both the 9 and the 16. There is a school of thought that say's it's not necessary to regulate a 9 amp because it only puts out about 13.5-14.5 volts normally. The 16 amp can put out 15-17 volts easily so you need to regulate it back to 13.5-14.5. The 40 amp stators use 2 regulators and are designed to support multiple batteries without needing a isolator. You still need an isolator if you want to charge a 24v tripple battery system. (2 bats for 24v devices and 1 bat for 12v starting).
I have nearly the same engine as you and run the 16amp CDI with a single CDI recitier/regulator. I've removed the original Merc recitifer that is on the electrical plate next to the starter solenoid and the small merc regulator. The CDI rectifier/regulator mounts on a supplied heat sink plate in the same spot as the original small regulator. Connecting it up is easy, just follow the CDI instructions if your not already familar with wiring on these beasts.
If by chance you have the regulator in the exhaust divider and it's not leaking, just leave it. If it's leaking then you can either make or order a cover plate from Merc (still available) and either make a gasket or use a Merc original.
Best of luck the part numbers for CDI stuff that Laddies and I gave you are correct. If you choose to order the 16 there will be a note on the website that tells you which rectifier/regulator must be used with it.
Just a side note/recommendation - You might consider changing your trigger and switchboxes over to CDI while your at it. It's generally recommended but not required.