I tend to agree that the regulator and rectifier are MUCH more likely than the alternator itself. The coils rarely go bad and there are no wear components in that area.
Got a workshop manual? Go to the
FAQ section, look for "
Manuals FAQ" and scroll down to the one that says "Check
here for loads of downloads, courtesy Einyodeler." (
post #3). Click on the link and download the
manual for your bike, plus the Honda Common Service Manual which is a good read. Don't forget to get part #2. Pretty good idea to get the
parts manual too.
The electrical section of the workshop manual has a number of simple tests you can perform in order to determine where your issue lies.
Looks to me like you have a Santee-style electrical box under your carbs. All of your electrical components are probably in there.
Scrutinize your wiring too, so many times issues like this are caused by corrosion on the bullet connectors.
good luck
mystic_1