Chosen Solution
Now I know I fried something under my flywheel had a lot of smoke.I tryed to rewire it and guess I failed at doing so.
@crazyrobb all you should have under there is the magneto, voltage regulator and the wire assembly. we really would need to see more to determine the next best course of action. Post plenty of pictures of what you rewired and where the smoke is coming from etc. Adding images to an existing question