The alternator on the bike is a three phase alternator. As such, without a battery, the waveform out
of the rectifier bridge never drops below 86 percent of the peak voltage. What you
will see if you look at the output on an oscilloscope using an independent source to excite the
alternaor, is a waveform that goes from a peak to 86 percent of peak in a sinusoidal manner.
The peak voltage is controlled by the amount of voltage applied to the stator of the alternator
and this is controlled by the regulator. The ripple frequency is a function of the rpm.
Without a battery to smooth out the ripple, there will be large swings in output voltage,
but probably not enough to hurt anything. Once the rpms drop below a certain point,
the alternator excitation will drop off...the rectified output will follow and the whole
process will collapse to zero volts and the biike will die from lack of coil voltage.
Even if you could spin the engine and thus the alternator....it would not generate any
output because it takes an initial excitation from the battery to get the process started.
....as least this is how I think it works.
Jim