No disrepect or tone intended here but the rectifier I pictured looks exactly like every rectifier pictured on ebay for CB750's from1969-1978. The green wire has apparently been removed.
Sorry, I don't recognize ebay as an official Honda source.

If the green wire has been removed, you must use where ever it had been attached to test the diodes.
When using the diode function on your meter, what unit is used if not voltage? How do you test a diode by reading resistance?
As I explained, Ohms.
A good diode will exhibit low resistance to current flow with one probe polarity, and very high resistance with the other probe polarity.
Was the ".7 Volts" a mis-speak ?
No. But, apparently it was information you cannot use. Silicon diodes don't behave as simple resistors. To operate and conduct they need a bias voltage of about .7 volts. If the testing device does not supply this much voltage, the diode will read a very high number, with both polarity connections and pass no (or extremely little) current. The user will then make the incorrect conclusion that the device tested bad, when in fact the test was not performed properly.
When performing a diode test, I am reading .42, my only questions are: Is 0.42 too low and, on the POSITIVE side of the rectifier, should the plate which the + side of the diodes connect to show any resistance to the + wire leading to the battery? I don't know how to state this any clearer, it seems straight forward in my mind and I do not mean to confuse anyone. Perhaps if someone has a rectifier on hand to test I can post pictures with step by step instructions. I believe that my + lead is getting a poor connection to the + side of the diodes.
You will have to show or declare the model number and brand of your test meter. I might be able to interpret the reading for you if you also state where you placed the multifunction selector knob, and the probe tips.
Do you understand what "polarity" means? ...And that your testing device has this?
Also, you are NOT looking for absolute numbers, but a comparison of the two numbers taken with two probe polarity placements. If your tests show the same number with both polarities, the unit is either bad, you are connecting at the wrong points, or your meter isn't capable of activating the diode and not giving us the needed information.