Just a quick progress report here. I wasted a week thinking I had ordered more magnets when in fact I hadn't. So it took another week to get a second batch of magnets delivered. Previously, I had 2 magnets per pole but was missing 1 magnet on 1 pole (breakage).
When the new magnets arrived, I installed the 1 magnet needed to complete the 2-magnets-per-pole armature. When I test spun it with my cordless drill at around 1500 RPM, I measured right at 4.0 volts AC. So, I (finally) located my stash of bright green LED's and hooked up 18 of them in parallel, every other one wired in the opposite direction. Then I hooked up the alternator with no rectifier, just straight AC, all 18 LED's lit up very brightly. So I'm pretty happy with it at this point. However, I'm planning to build another stator using a 1" length of 4" pipe, 1/4" wall. The poles will be made up with steel cores that I can wind separately, then attach to the stator ring. Probably won't be the most efficient set up in the world, but should give me more power. I do want to put some kind of load on the engine and I don't think the current setup with LED's is going to do it.
Chuck