Re: Voltage regulator
He has an 1982 90 HP.
That motor has a rectifier, and optionally a voltage regulator (power tilt and trim models).
If you're talking about the regulator, it has an input, output, and ground reference. The output is held to a fixed voltage. The regulator does not control the stator in any way; it acts (more or less) like a constantly variable series resistor dropping voltage to maintain a constant output. It can be tested easily, if you have a variable DC voltage supply, by varying the input voltage up to around 17 volts DC and making sure the output doesn't go over about 14 volts. Since you may not have such equipment available, you can just make a sanity check and make sure neither the input nor output is shorted to ground.
I won't comment on the rectifier; I'm not sure if it is a 4 or 6 diode rectifier.