8.8 ohms is a little high.
Did you subtract out the meter's test lead resistance?
Has your rotor's slip rings been cleaned?
To your question, the vreg varies the white wire voltage when it wants to turn down the alternator power out. The white wire voltage will raise to that closer to the black wire voltage. When both wires are the same voltage the alternator output would be nil. When the two black and white wires are the most different in value, the alternator output should be at maximum.
Given the readings you've reported, the rotor should be making a magnetic field. When the rotor spins, the mag field alternates north and south poles, and any wires in the vicinity (stator), should have a voltage induced in them, allowing voltage and current to be available on the three yellow wires. This will be AC voltage that the rectifier will convert to DC for use by the bike's battery and systems.
The AC voltage will not be reference to any bike ground for measurement purposes. Measure AC voltage between the yellow stator wires with meter probes.
Have you tested the rectifier diodes yet? If these are open or otherwise damaged, the AC to DC conversion can't properly occur.
Cheers,