I tested everything possible when my stator died. All the half assed tests said the thing was ok, and at the end of the day it was shot. You can test the output of the regulator to see if the stator and regulator are working as a unit, but without access to an oscilloscope there is no way to test a stator. So if you aren't getting any spark at all youhave one of two problems
1) No power. Ie. Stator or regulator is not putting out required voltage/current to run the coils
2) Faulty trigger system. This one is a little more complex. You have the pickup coils mounted with the stator that sends a signal to the mpem. The mpem decides when spark is needed and sends the signal to the coil. You have one singal coil that outputs spark to both plugs at the same time. Then of course you have the hokey plug wires, and your spark plugs
I would start by testing the output of the regulator. Have someone hold a meter onto the two output wires while you pull it over (spark plugs pulled so you can give it a good spin).also check that the plug wires are pushed into the coils tight, and all connectors are locked in place (regulator, coils, mpem).
Good luck. You're gonna need it