The winding can go bad for the charging coils, stator, etc without any noticeable problem. Usually the only way to tell is by testing the leads with a meter, as you are doing. There is some + or - give or takes (usually 10%) and I have seen in the past where a stator no longer worked at all at 11% below the proper reading. Makes you want to pull your hair out but that is electronics for ya! You cleaned everything so I would be going back over everything to make sure all connections are good.
Be sure to check for spark after each thing you do, that way you know where the problem WAS!