Yes it should pending that nothing is grounding out the system killing the ignition system. Like a direct short, crushed wire, burnt wire or a wire thats worn against the frame for so long that the outer jacket has worn away exposing the inner conductor this rubbing against metal “ground” on the bike. Test the stator to make sure it’s good. Go through it all again. You missed something. Take your time and and be patient. You will find it. Go through the manual and trace/test each section of the system.