To answer your question....
I would take the stator to an occilating spindle sander (Yes, I have one) and carefully grind off a bit of the stator (half from one side and the other half from the opposite side) that is out of true...
*****The reason I would do that, and risk ruining the stator, is because my bike was sold to me 40 years ago because of rotor/stator misalignment. The frustration of the bike's charging system failures prompted the previous owner to sell the bike to me. IF there's contact between the rotor/stator then they will both grind against each other and burn the windings up. (which is what happened to my bike prior to my purchasing it) IF the stator is so far out of round that it's air gap can't be adjusted properly, then it's crap anyway, you might as well try truing it up a bit, just be careful and don't take the entire amount off one side. IF you grind into the windings, the stator is toast... but I bet you could safely take a little bit off it. In a certain way, you have nothing to lose by trying because it's not usable if you can't get the required air gap anyway... good luck