New 20 ounce tumblers available now! Forum donation credit with purchase. https://www.wildguzzi.com/Products/products.htm#Tumbler
Check the slip rings with an Ohm meter and verify the alternator is wired correctly before you even fool with the regulator and/or diode board.
This. The normal failure is a rotor. Either open or shorted.. they seldom last much past 50K miles.
You cannot diagnose electrical systems without a meter, it's like trying to cook without a stove. You can take the advise you get from this forum and replace one piece at a time, you might get lucky. If you're just going to replace everything, buy the Ducati style system from EME, really nice but, a little pricey.
First off - THANK YOU ALL for the quick and helpful insight. When I had the bike at the shop replacing coils and the dyna ignition, they said the bike seemed as though it was charging however I never asked them to check it thoroughly. So before I started ripping anything apart I went through the whole wireing looking for any loose grounds or corroded connections. I sprayed terminals with deoxit and did find a brown wire on the starter relay that was a little loose - but that was the only thing so far but I would not imagine that could have been the problem - GEN light still comes on. The voltage rectifier looks pretty old almost like it may be the original, but looks can be deceiving, I am a bit intimidated to dive into the rotor and brushes on my own - I have done complete tear downs of BSA s and Triumphs which seem simpler than the guzzi, but I am up for it.
so the latest in the process - pulled the brush magnets and each one would shut the GEN light off when pulled up from the slip ring on the rotor. Also when I pulled the brown wire off the GEN light would shut off. Pulled all wires and sanded the contacts and hit them with dioxit. Magnets are pretty worn to a good curve from the slip rings and I noticed that the ground wire terminal at 11:o'clock (top left) of the plate was missing? traced all ground /earth wires back to rectifier and regulator to be sure nothing was loose and all is good. My gut tells me that the rotor maybe old and the magnets /brushes need replacement.