I don’t understand you emphasis on the possible issues with high voltage in that stator when it is open circuited. I have not seen any stator insulation failures by having 70-80v Ac through the windings in a no current situation.
Because the stator's biggest weakness is insulation. Time, temperature, and vibration are beating away at the insulation, as well as exposure to oil and acidic combustion byproducts that find their way in there. When a motorcycle alternator fails, it never fails from fractured laminations in the ring, nor a loss of magnetism in the rotor, nor a broken thimble... nor a broken rotor shaft... it's ALWAYS the windings, and always the windings' insulation.
Starting with a brand new OEM unit, that higher AC range would not be a problem, but simple age weakens the insulation resistance... the other factors finish them off. Every once'n'a while, there MIGHT be a case where some piece of debris winds up inside the works, tumbles around, and hits the windings and stator... sometimes it breaks a magnet, but most of the time, it winds up getting jammed alongside windings, breaking and shorting them, but most of the time, failures occur just from age/exposure/time.
Insulation resistance is the #1 reason why ANY electromotive device... be it a rotating motor armature, or a linear motor, or a linear solenoid. If it were a contactor, the contacts would be the highest point of wear, but with just polepieces and windings, the only thing to go wrong, is the electromagnet, and the only part in there subject to any type of weakness, is the insulation of the winding wire.
I have seen many stator failures, some in motorcycles and snowmobiles, many, many in outboard motors, and also on inboard-outboards fitted with permanent magnet alternators. Always insulation failures.
If the stator is new, there's no reason why it wouldn't have insulation quality much higher than the open-circuit situation would ever demand... I'd expect 'em to be able to high-pot test in excess of 500v, not be surprised to see them surpass 1kv with no leak through the insulation, but I certainly wouldn't expect a 30 year-old-motorcycle with OEM stator to be as solid. On the contrary, I'd expect anyone who wanted to do a regulation-concept change would be doing so because they'd already had a regulator failure, and were trying to improve the performance using some other regulation method, and not realize the ramifications of a design change.