When the rectifier is connected with reverse polarity the energy flows through the stator windings from the battery terminals. All wires between battery and stator can be damaged, along with the rectifier in the pathway. It's possible the stator can be damaged, as well, but usually the bike wiring behaves as a fuse and parts, before the stator wiring insulation melts. The stock regulator is usually undamaged, as it is not subject to over current under these conditions. However, if you have an electronic version replacement, it can be internally damaged.
I bought 76 CB550 F from the bone yard with the electrical fried. I suspect it was jumped with the wrong polarity. Worst burned part was the green wire that goes from rectifier through the main harness up to the the point at the coils where it connects to frame. The rectifier actually was good (may have been replaced in an attempt to fix it before it was abandoned).
Anyway, the block connectors in the path were also melted and I had to replace them along with several wires in the main harness (which I had to unwrap to access). Anything with melted insulation was replaced. I had a spares bike that robbed the needed parts from. Then the harness a was re-taped after the repair, and all has been well since then. I think most would be hard pressed to find what was repaired.
Anyway, it works fine now, and has for quite some time (10 years-ish).
Funny you don't have time to fix it. Hurried for time is often what smokes these bikes in the first place. Time is all it cost me to fix my 550. I suppose you could pay someone else to do the repair. It was a long time ago, but, I'd estimate it took between 4-8 hrs. I wasn't in much of hurry, being a hobby, and all.
Cheers,