OK so I replaced the regulator with the new one and still not charging. I re tested the voltages and here is what I have.
23.5 VDC @ the red terminal(battery voltage)
47 VAC @ the two stator wires, generator running wires free and not hooked to terminal block
23 VAC @ terminal block, connected to regulator generator running, for some reason the voltage drops when hooked up to the block/regulator.
No led lit on regulator
Still 23.5 VDC at red wire running
Unhooked the capacitor at the red wire/terminal block in case that was shorted, no change.
Checked fuse ok, checked fuse with multimeter, ok even bypassed fuse assy and tied red/white at top of regulator and still no led or charging. looking for some help/advice this unit is supplying the off grid house and is important.
Thanks