sounds like there are lots of cases of electrical problems with these bikes. what happens exactly? do you all of the sudden see it cut or does the voltage just get less and less everyday? when you take the stator off, do you see a spot where the wire opened? or when they go bad, does the voltage just get less and less everyday?
I don't know about others, but mine has been up and down- Some days it would charge, some days it wouldn't, so I'd get a week or so on a charged battery, but by Friday if I hadn't recharged the battery I'd be stranded. This last time, I got ONE ride in, and then the battery started going.
if the voltage stops working right away, i would guess a blow somewhere in the stator lines or a blow in something. but if it just trickles off to a lower value gradualy there might be something to the magnets in the rotor (gradualy looseing emi). dont have any idea how you could figure that, unless you had a brand new one and compared them.
Well, there's the rub- there ARE no brand new ones. I have not found a single manufacturer of new stators or field coils for the 550. You may be able to get them rewound, but those services are few and far between anymore. I'm thinking of trying to learn how to do it myself.
And you would think that if the voltage dropped out immediately, you had a blow in the line, but sometimes a weak spot just gets hot and adds resistance, or might short two windings together and LOSE resistance. You never really know.
as for the loading the stator with 12v to see if it becomes an electomagent, you can but make sure you put a resistor somewhere in there! i bet the stator line (20 guagish? not sure about cb500s) can handle about 7 amps tops before its starts getting ugly. assuming you have tested a low resistance between the field coils, apply an amp or so to see if it has any effect on metal (1 amp = 12volts / 12ohm resistor.)
Personally, I wouldn't put 12v INTO the stator, because it's made to put power OUT. The resistance on the stator coils is only .35 ohms. If you put 12v into a .35 ohm load, you have the capacity for almost 35 amps of current! Not a good scene. On the other hand, putting 12v into the 5 ohm load of the field coil is only 2.4 amps, so it's made to take it. Resistance is really the only safe way to statically test these parts.