Coil
Remove the two wires from the coil using a small electrical wrench. These will be the positive and negative terminals.
Place the red lead from the ohmmeter on the positive (+) terminal and probe the coil mounting bracket with the black lead. The display should be infinite (no reading or continuity). If there is any continuity the coil is shorted and needs replacing.
Move the black lead to the coil negative terminal (-) and watch the display. The reading should be less than 1 ohm.
Move the black lead to the coil tower and probe the contact inside the tower. The reading should be 10 to 60 ohms, no more. If the coil failed any of these tests, replace it.
Stator
find the main plug thats located a few inches off the mag, near the recoil. unplug it. on the mag side of the harness, connect one meter probe to the white/green wire terminal and the other to the white/red. spec is 203 ohms. this is for the pulsor coil. next, one probe to the brown terminal, other to the black/red. should be around 421 ohms resistance. last is the brown/red to black. around 97.2 should be your reading. all numbers are +/- 10%, and taken at 68 degrees.
I would also make sure carbs are clean and probably change spark plug caps first.