Stator, meaning stationary. It'd be pretty much backwards as to how a distributor works. In this case, the stator would be the rotor, and the flywheel magnets would be the cap. Except, in our case, the cap (flywheel) spins, and the rotor (stator) doesn't. Magnetic fields conduct electricity, I went through ignition systems last year... LONG class i tell you.
In order to convert ac to dc, gotta have diode rectification. How many diodes you need, depends on how many phases your AC source is. For 3 phase, you need 6 diodes to convert AC to DC voltage. For 6 phase, 12 diodes.