Do I assume correctly you have the stock Vreg?
If so, its not happy. With the battery voltage being as low as it is, it should pass the voltage on its black wire terminal to the white wire terminal with very little lost. You are showing a 3 volts loss, which means the contacts inside are likely buggared (technical term).
Your options are to replace it or open it up and clean the contacts. Depending on how aggressive you clean and how much wear and carbon is built up on the contacts while in the up position, you may also have to readjust it, too. But, don't do that untill it is passing full voltage between black and white terminals. If you clean, use an abrasive that will not leave bits of itself in teh point contact metal. A points or relay contact file is good. A polish after with crocus cloth, and then burnish with the back side of the cloth works well.
The other concern is that you are losing almost a volt between battery and Vreg connections. (I've seen worse, though.) This loss can be in the battery terminal to solenoid to ignition switch to fuse clips or any other connection between battery a Vreg. Check the path on the schematic. The peak output strength of the alternator depends on the field coil getting as much of the battery voltage potential as it can get.
Don't ignore the ground connection between battery and green wire at the Vreg either. Voltage can be lost there as well. Battery to engine, engine to frame, and frame to green wire connections, can all get corroded and lose electrical integrity, just as easily as the positive power routing.
You might ask, is .5 or .75 Volts really all that much?
Well, it is indicative of generally resistive connections that waste power at each connection as heat throught the bike. You've got over a hundred connections in the bike. If we allow each one to waste 1/2 watt, that's 50 watts dumped into the atmosphere as heat. The 750 alternator puts out 210 watts peak and about 40 watts at idle (with full voltage on the field coil). With lighting, the bike always consumes about 120-130 watts. Add the connector waste in and the bike consumes about 170-180 watts. The battery is only recharged when the alternator puts out more than the bike consumes or wastes. How much of your alternator power do you wish to throw away?
Your running voltages are certainly on the low side. But, it looks like the alternator is trying do what it can. There is a possibility that there is a rectifier diode open, which could also make a low output. But, lets scrutinize that after we get the field voltage up where it should be.
Cheers,