About a month ago I bought a ricky stator off ebay which was bad and I finally got a new one...time to get the blaster going...can't wait
Is inside of flywheel clean, no rust? Pick up coil gap, clean? Tors? Parking brake switch on bars(banshee has one). If you have offset fly key did you put it in backwards? Hope this helps.
what you need to do is take the fly wheel off and shake it by your ear, it you can hear alittle clicking then the magnets in the flywheel have come unglued and its basically junk, normally in my exp. the bike will not run when the magnets have come loose but anythings possible...the white smoke, does it smell really bad? not like normal 2 stroke smell, if it does then you might have a crankcase leak and burning tranny oil
Did it have a parking brake cable that was removed? I removed the cable on my '03 without realizing that this allowed the parking brake switch to activate. The symptoms were what you described, right down to acting like the stator was bad and ohmming out as such. Idled fine but would not rev due to very weak spark. I'm just not sure if a '93 has that switch or not.