If you don't have a outlet on it, then you probably have the short exciter coils and armature, which do not product 110. Ask Martin G about this-- he ran into it when updating his shorty.
if you have the short exciter and small coils you will need exciter housing feild coils exciter arm and check to see if your bellows idler has a mercury switch if it dosnt mine didnt you will need to get this off another bellows or do an idler upgrade a assume you have the chain drive gov control no reostate you will have to replace this with reostate or just add remote rehosate your looking a 1000 to 2000 bucks depending on if you go with used or new parts i got parts from Bills and Stumpfs Bills customer service is 2nd to none i got my housing from Stumpfs they have junkyard of machines if you go with the OEM idler upgrade pay attention and take your time your shunt wires will not be colored so be carfule it can be done it just takes time this is the only machine i have ever worked on and i got it it just has been a headace but it just about done for now one of these days paint would be nice oh ya do you have electric start thats a whole nother can of worms lincolin says it cant be done but it can but it anit cheap eather