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I know it's hard to believe, but it's a 50 year old Honda.You sure those electrons haven't been taking Viagra?
Is the old voltage regulator adjustable? Just asking. Maybe add an inline capacitor/resistor? Have to have an electrical guy pipe in. Yeah 15v is too hot.
Fully charged LA battery cells are 2.34 v/cell times 6 cells =14.04 so your 15 volts may be the accepted norm for back then. Most folks have the belief that the system is 12 volt because that is how it is marketed. Are you blowing bulbs?
All of the BIG FOUR motorcycle companies had charging issues in the early and mid 70's, but Honda and Kawasaki were the worst. I rewound many stators and replaced many regulator\rectifiers during those years. If the stator is good then a new regulator\rectifier will do the trick. Don't even waste your time trying to adjust or tinker with the old one. They were junk. There is a forum that is specifically in existence for the SOHC Hondas. A wealth of information there. I will try to find it and list it here. I recently restored a 1981 Suzuki 850, another bike with a crap charging system. Used a modern regulator\rectifier from Polaris. Works great.http://forums.sohc4.net/
Just an obvious suggestion, have you checked the earth connections and the regulator reference connection?I'd make sure the reference connections were clean and tight. If the ref connection has resistance then the regulator will "think" the system voltage is lower than it actually is, resulting in a higher charging voltageYou probably already know that but it's usually a reasonably easy thing to do
14.8 is good. Your stator is good. The reason I mentioned the stator is because it was an issue with bikes of that era and the first thing I checked. Vibration and heat would break down the insulation, what little of it there was, and the stator would short out. Common problem back then. The early 1200 Goldwings were a good example of that, it was so bad Honda was replacing them under warranty. Make sure all of your electrical connections are clean and tight as those old systems won't tolerate much variance in amperage. The new regulator/rectifier will help with that issue, but it's still an old system. Sounds like you have it sorted out, but keep an eye on your battery anyway.