Quicksilver
Advanced Contributor
That shows that the battery is not fully charged (use a battery charger) and the motor is not charging it. Check for voltage on the red terminal of the rectifier while running.
MarineEngine.com does not offer troubleshooting assistance or repair advice by email or by telephone.
You are invited to join our public Boat Repair Forum to seek assistance from other members.
You may also visit the Boat Motor Manuals section of our site to obtain a service manual.
All the stator does is charge the battery the ignition is via the ign.driver (see my diagram) so all you need is a new stator and rectifier, the motor will still run. The ways a stator can be burned are: hooking the battery up backwards, using the motor to charge a dead/weak battery, shorted wiring in harness.
Removing the flywheel won't disturb the timing belt. When you removed the eight bolts, the flywheel should lift off, it's magnetic. I hope you marked the positioning, you'll need it correct when you need to time it in the future.