I thought the same thing and was contemplating doing this to my Bear until I read this:
"A direct current-capacitor discharge ignition (DC-CDI) system brings this 400-cc utility ATV to life. Alternatively, a mechanical recoil also starts the Big Bear’s machine and may serve as backup. The AC magneto generator brings power to the quad’s electrical components, such as the headlights and other accessories".
and even after I read it I didn't really understand, if it was generating AC when is it converted to DC before the CDI , not really anything between stator and CDI , but the rectifier is very close to the CDI, maybe im thinking outside of the box.
It turned out that wasn't my problem, but, I had already decided, I didn't want to do that, it probably wouldn't work as good as factory, so I thought, just spend the money, get the new one, in a years time you won't even know the difference, and your ATV will still be purring Hopefully !