Babella,
Fist thing I'd check is the stator. You can check it without opening anything up. Just under the transmission you should see the plug for the wires from the regulator. A large lump in a wire about the size of your thumb. May have to cut a couple wire ties to get it down to unplug. The half that heads towards the front of the bike go to the regulator. The other half goes to the stator.
First check is to see if there is continuity between the two terminals. Book calls for .2 to .4 ohms, hard to get an accurate reading this low but should show something.
Next thing is to check for continuity from each terminal to ground, any bare metal on engine is fine. Do this for both terminals in the plug. Should not have any continuity on either one.
If those check out, or seem to, set the volt meter to AC volts and connect one test lead to each of the terminals. Now start bike. You should get a reading of 12 to 18 volts for each 1,000 rpm. So 2,000 RPM would give you 24 to 36 volts.
If this checks out, the regulator would be suspect. However before condemning it make sure you remove it and clean the mounting points good. This is very important as it is the only ground for the system.
Next would be to check the wire from the regulator to the circuit breaker and from the breaker to the battery.
HDLover