Thank you for the help Jim. I wonder why the flow chart troubleshooter I used didn't catch that problem and told me it was a faulty regulator? I hold that test chart and the other wiring diagrams with high regards and would think Bob Melville would have everything covered in that but I guess not. I'm sure there have been many folks that have scratched their heads with the same issue.
Looks like I will go ahead and convert it to 12 volt alternator since the regulator and generator rebuilt will be over $200 combined, and an alternator will be "free" from a parts tractor or $45 at the local auto parts store, and the factory made brackets will be $40. Much cheaper to do and this tractor has cost me more than I planned to spend.
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
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