I posting this as it may help 6 volt owners.
I am currently restoring/refurbishing a 1978 Dax 6 volt and have installed a WPB Stomp 125cc engine and exhaust. The engine is 12 volt with a two coil stator plate (one for lights and one for ignition/cdi). My old loom is in good condition and I found a conversion here
http://dratv.stores.yahoo.net/12vrerepikea.html.
I decided to keep the bike 6 volt and purchased the pigtail and 6v regulator, having installed it as per the diagrams on the website, all is working fine and in fact the lights are much brighter, no blown bulbs so far! The main benefit I found is that you don't need a 12 volt battery so more room under the seat for the cdi. Also, I wired in a new 6 pin plug to the engine ( see Ebay) so that I could easily swop back to the original engine if I wanted to. Ignition switch all works fine.
By the way, the Stomp engine fits well and I have used the standard Stomp exhaust with it, had to fit a db killer though to quieten it down! Currently 17/35 tooth sprockets but I am experimenting.