The FAQ Electrics says:
"C. Resistance testing of regulator wires.
1. While the bike is not running disconnect (-) battery lead and Black regulator wire. Check for 0 resistance between (-) battery wire and Black regulator wire."
If i'm reading my multimeter correctly, i get 2 ohms. So It appears something isn't being grounded entirely?
From viewing the wiring diagram for my 1978 cb550k, the black wire is the ground for a number of switches.
Generally, this is coming up because i have a truck-lite led that is flickering. The flicker varies as the engine revs up. The flicker is more obvious when the turn signals are flashing. Tested the rectifier and it seems good