brady,
like you , i've been using plywood to mount my coils.
just as a precautionary measure, when the stator is mounted horizontally,
incorporate some form of weather shield to keep the water off the stator.
for the last two vertical mills I've done (direct drive) i used 3" thick Styrofoam
as an umbrella.
it's formed in such a way as to allow the alternator to sit up inside and stay completely dry.