Stator can't make voltage without a strong magnetic field, that is the job of the rotor. So, you need to know what voltage is applied to the rotor (slip rings), in order to make assesment of the AC output.
Bad rotors sometimes take out the regulator, whose job it is to provide voltage to the rotor, when the battery is undercharged.
Check voltage at regulator drive point and also at the slip rings, to ensure proper connectivity.
Cheers,