sycarms
Thanks for the link to some manuals. They don't look exactly like my kart, but the wiring for the 7150 matches mine pretty close - except for wire colors. I'll check the pickup and stator resistance next if I can find those measurements in the manual.
As far as AC vs DC, my understanding was that the stator generates AC volts (which I was able to measure) and some of those stator wires go to the regulator - which then converts to DC volts to charge the battery.
The spark is blue and the compression is around 120 (may be a little more but I was having trouble holding the pressure gauge while turning the starter. New carb and vacuum lines appear to be working fine.
So that might take me to checking the valve clearance
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