QUOTE(Redbird @ Mar 27 2009, 08:12 PM)

4-1/2" grinder with a diamond cutting wheel. Stucco cuts pretty easy, you shouldn't have much trouble following a chalk line. Shallow cut first for more control, then deeper. If there's a lot of metal in there you'll trash the blade quicker, and they're not cheap.
If the stucco is more than an inch or so thick, you're gonna need a bigger boat.
Thanks. I decided to go to Lowes and gave Adam a call while I was there. He said pretty much what you did.
I bought a 4-1/2" Hitachi grinder. It was cheap. I got a masonry grinding wheel, too. For the price, I'm sure it wasn't a diamond cutting wheel. The one I got will work OK for trimming back the patch stuff I did. The stucco on the lath is about an inch or so thick - give or take. I sure like the look of the 7" grinders but I'm hoping I don't need to buy one of those, too.
I just realized I have a 25' piece of tubing from work that will make a nice liquid level. I'll use that and then snap a chalk line.
Biggest problem is what to use to seal the gap between the new soffit and that freshly cut down stucco. I'm going to really try and not trim off more than necessary so if I have to run a bead of caulk I can do it without it looking like crap. Who am I kidding.
Here are some pics of the project:
