its got to be in the pressure plate then if you smell the clutch burning up. shit sucks, but you might have to pull it back apart. pray to god it hasnt put hot spots on that freshly resurfaced flywheel. check to make sure nothing could be interferring with the clutch fork and slave causing it to hang up. if you do pull it back apart check the throwout bearing and where it contacts the PP.

i cant see there being a problem with a brand new PP unless something is causing it to hang up. especially if its stiffer than stock. assuming it is (since its a "stage two")

goodluck man.