Back in reply #1, I suggested the slip rings need to be checked examined.
The alternator is in two electrical parts; 1- the stator, which provides the output power when in the presence of a rotating magnetic field.
2 - The field coil (in your case the rotor) which creates the rotating magnetic field
The field coil is an electromagnet, which takes some power from the battery, in order to energize the field coil.
Since the field coil rotates, you can't connect wires directly to it since they will twist off at about 10 RPM. So, instead the are two round copper rings and brushes to make contact with them as the rotor rotates.
If these rings are dirty or the brushes failed, the rotor gets no power and the alternator can't make power output.
The brushes receive power via wires from the voltage regulator. If those connections are faulty, the rotor gets no power and the alternator can't make power output.
The R/R get power from the battery and distributes enough of the that power to the rotor, to keep the battery charged. The less charged the battery is, the more voltage it gives to the rotor. If the battery is at a full charge of 14.5V, then the R/R reduces the voltage to the rotor and the alternator reduces it's power output so the battery won't be be damaged by over charge.
That's the way the system is supposed to work. But, I don't have a diagram of your bike to tell you which wires to probe.
However, being a wearing component, it is common that the brushes wear out and fail to make proper contact with the rotor slip rings. And, that is why I initially suggested to check them.
Yes, it is possible for the R/R to fail, and thereby deny voltage to the rotor. If you are dead set on replacing it, you could try to see if that fixes it.
It is also possible that your rotor has its wires shorted, and provided it does have good slip ring to brushes contact, cause more overcurrents to be drawn through the regulator, destroying its function. If this has occurred and you simply install a new R/R, it will likely fry the new one very soon ofter installation.
Were it my bike, I'd check the rotor coil resistance from the wires disconnected from the R/R. If I could measure 5-7 Ohms, I would then check to see what voltage the rotor was getting from the R/R, and proceed based on the info gained from that investigation. If I didn't get 5-7 ohms, I would check the slip rings first and then measure the rotor resistance at the slip rings. If the rotor resistance is below, say, 4.5 ohms, I would get a replacement rotor, then check for correct R/R output. If found faulty, then I would replace the R/R. If none of these component were found to be faulty, I would check the R/R diodes for correct function, and measure the stator resistance.
Cheers,