It's pretty rare that stators fail unless wailed on with and axe or aggressive contact with bits of roadway.
The field coil or the connections to it are a far more likely culprit.
The field coil makes the magnetic field, the stator need this magnetic field to produce an output.
The 550 alternator, even when new, didn't make more power at idle than the bike uses, especially with the headlight on.
Lights on, the stock bike uses about 120 watts. While at idle the alternator only makes about 40-50 watts. This causes the battery to drop voltage, which the ignition needs to make spark.
Dropping off the lighting load, allows the battery to provide more voltage to the ignition circuit, and spark returns.
You'll need to test the filed coil resistance. The 550 measures 4.9Ω, as well as all the connections within the charging circuit and the connections to the battery.
Also, the filed coil uses power power to make a magnetic field. If the Black wire to the regulator has low voltage, it is this same voltage that makes the magnetic field. Low voltage means a weak filed, and weak stator output.
You, are going to have to make meter reading for the system to find what is wrong. Or, replace each part of it bit by bit until it works again.
This all assumes your bike is unmodified from stock, of course, information you left out of you post/query.
Cheers,